Halliburton Co., coming off a banner year in the energy sector and flush with Pentagon contracts abroad, announced Thursday a series of measures to share the spoils with shareholders.
The Houston-based company said its board of directors approved a two-for-one stock split that would double its shares outstanding to 2 billion. Stockholders must still sign off on the split.
The quarterly dividend for Halliburton stock was also raised 20% to 15 cents a share. The higher payout is set for March 23 for shareholders as of March 2.
A $1 billion share buyback is also in the works, the company said.
How much of the blood dripping windfall will wind up in Cheney and Dubya's pockets? Maybe Rumsfool will get a cut and let's not forget Abu Gonzales, Feith and all the rest.
How much Halliburton stock do you own Mr. and Mrs. America? How much Halliburton stock do you think the 1000 or so widows, widowers and some 2000 children now without fathers and mothers hold?
Maybe Halliburton will set aside some to help us pay off the 500 Billion or so we have spent so far on their cash cow. I know I'm counting on it.
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