AvenEx Energy Corp AVNDF

Dividend on a downtrend

[JReynolds]

The dividend was not only reduced when it converted from an income trust to a dividend-paying corporation. Look at the Financials. The dividend has been on a downtrend since 2006.

 

12/2010	12/2009	12/2008	12/2007	12/2006
Dividends Paid Per Share                                               0.66	0.75	2.11	1.00	1.22

Now, it's at its low of 0.54 per year, assuming it can maintain the 0.045 payout per month till Dec 2012.