For SLReports.net
6-Star Luminos Dividend Rated Valentine Heart Incorporated (VHI : VSTEX) paid a L$2.00 per-share dividend recently, maintaining it's rather unprecedented run of success as Second Life's most expensive publicly traded stock.
CEO Bart Heart stated in the recent press release, "Since VHI started about 18+ months ago, we have always paid 100% of profits to dividends (2,747,000L$). Our only expenses have been tier and paypal fees for taking USD. All our sims have been bought with capital raised from the IPO or SPO. We never had stock options to sell, and get extra capital."
Heart also then announced a planned stock buy-back aimed at increasing liquidity in the security, stating, "For 2009 we are going to try something new with the market and to create some liquidy with the share, each month we are 100% occupied we will take from 10% to 15% for the profits and put a market order buy in for the market price of the shares from the previous quarters finanicial report and put a buy order in for share, these share will go to an alt account as treasury shares, if any shares are bought. Those shares will later be sold if VHI would ever need money to purchase more land. The dividends of those shares will go to cash on hand."
VHI(VSTEX) has traded for the last month between L$200.00 and L$250.00, with only 12 shares exchanging hands.
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