My preference would be for a combination of both cash and stock dividends. The company could be really creative and rather than pay a dividend on Mr. Lenfest's shares, use that cash to purchase enough shares from him to give say a 5/1 forward split along with say .10 a share cash dividend on the first go round. This would keep the shares outstanding total the same, reduce Mr. Lenfests holdings by 275,000 shares at a total cost of $31,000.00 Of course this would depend on the company have the earnings to do it and Mr. Lenfests willingness to sell some of his shares at a discount so they could be used in the split. Just an outside the box thought but there are so many possibilties it boggles the mind. Go TEVE!!!