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When announcing second-quarter results on July 29, 2003, Jones initiated a quarterly dividend stating that ''the Board of Directors has declared our first-ever quarterly cash

When announcing second-quarter results on July 29, 2003, Jones initiated a quarterly dividend stating that ''the Board of Directors has declared our first-ever quarterly cash dividend of $0.08 per share to all common stockholders of record as of August 15, 2003 for payment on August 29, 2003.'' How might the switch from stock options to restricted stock in the compensation packages of Mr. Boneparth and other employees have impacted the Board's decision to start paying dividends?

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