Donny Baseball's Anti-Max Baucus Capital Allocation Blueprint for Public Companies

Ripped directly from Strattec's (STRT) 2007 annual report:

"The Board therefore declared a regular quarterly dividend of $0.15 per share. Further, given the magnitude of our cash reserves and the current relatively favorable tax treatment of qualified dividends, the Board believes this is an opportune time to declare a special, one-time dividend of $1.00 per share. Both our initial quarterly dividend and the special dividend are payable on October 1st, 2007 to shareholders of record as of September 14, 2007."

Smart companies, and hopefully companies that I am invested in, will have this in their 2009 annual reports:

"Further, given our cash position and the impending changes in tax policy, the Board determined that the best way to return excess cash to shareholders was to declare a special dividend equal to the dividends that the company would have paid in fiscal years 2010 and 2011. This special dividend will be paid to shareholders of record on December 15, 2009, and subsequently the company will cease regular dividend payments. To compensate for the loss of regular dividends, the Board has increased the authorized share repurchase plan to allow the company to buy back up to 15% of outstanding shares through December 31, 2012."

Translation: "Suck it, Max Baucus."