Well, if the shares are dissolved and gone the dividends could not be paid to what didn't exist. But say they exist. Are only shares that are in public hands paid a dividend? What about those that are not in public hands? Are those shares not entitled to be paid? I am thinking about shares I had in a big bank that used to pay dividends.

With this bank stock (NYSE) the difference was that when they bought back shares the dividend was set and not based on a % of license fees. That would make a big difffence? Are dividends paid by PTSC, if paid out, going to be set or based on % of license fees collected. If the board buys back shares are they going to dissolve them or leave them in the company treasury? I don't know the law about whether company treasury stock gets the dividend money. But my understanding is that those treasury shares do get the money. If someone knows otherwise please clarify, TIA