Geez, if it weren't Valentine's Day, I'd think it was Groundhog Day ... ACAS announced yet another dividend hike yesterday. Talk about a sweetheart deal for shareholders!
The company now expects to pay out $4.19 in dividends for '08. That puts the stock's indicated yield around 12% right now. Am I glad this stock is in the high-yield portfolio in Dividend Superstars? You bet!
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