"The Company has maintained as a general policy an annual dividend of 20% of last year's net income. Even though the amount or opportunity of future dividends cannot be guaranteed, Bachoco expects to pay an annual dividend to the holders of outstanding shares equal to an amount of no more than approximately 20% of the net income of the previous year."The company lost money in 2008, so it didn't pay the dividend that year in accordance with its clearly stated policy. But this year it's scheduled to pay a dividend of 2.9%. That's on news that 2010 profits were up 10% year over year from 2009.
A Small-Cap Stock to Cluck About
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