RE:RE:Time for a more serious post about the chances of a dividendGood post. I would add another reason to be concerned about the lagging share price and that is the possibility of a hostile take out. On this basis I would guess a dividend increase sooner than later. Your estimated timing of after the AGM in May fits. I would like to see a move to quarterly payouts like most large utilities. Algonguin switched to a quarterly payout and it didn't hurt their share price.
Even though ALA stopped the DRIP, brokerage accounts (TD for instance) will fill the DRIP from market purchases and a quarterly payout makes it easier to add shares with a smaller total number of shares held. To add one share quarterly you need a yield of 4% on 100 shares. To add one share monthly you need a yield of 12% on 100 shares, 8% on 200 shares and 4% on 300 shares.
tradetoretire wrote:
q3 transcript states after full year of ripet, clear growth of net income, and being able to accurately forecast the credit rating. So I'd say after agm / q1 2020 financials in May. This would allow some time to monetize post decision of mvp / blythe, close out remaining sale of aci, or counteroffer of aci As for management sp growth strategy this also helps our flat half of the year q2/q3. keeps the predatory banks content w partial controlled exits. So Target consensus sp by q1 2020 financials. Dividend growth tied to net income increase of around 12% = 0.09-0.095/ month dividend in july for a year total div of 1.02-1.05 and some clarity to forward growth. 1.13-1.20 for 2021, 1,25 for 2022