... but a few months back I was reading an article on shorting and naked shorting. One sentance in the rather long article still sticks with me. I can't quote it, but it went something like this: All the company (victim of intense shorting) would have to do is delclare a dividend of a fraction of a penny per share and that would cause the shorts to have to cover.
I don't see how this would work, but I would sure like to see it happen. It also caused me to note that a few years back companies of all types quit paying dividends. Not all of them, but way too many of them. I may be just too cynical, but this is very curious to me.
If a company had 250 mil shares outstanding it would only cost $250,000 to declare a .01 cent per share dividend. Why not?