RE:RE:RE:RE:AttractiveThat is the identical logic for ALA right before they cut the divy by 56%, fired the CEO & CFO, and went into the toilet.
Don;t kid yourself on hw these CEOs try to sling it. I didn;t own REI.UN nor VET but their CEOs also said the identical stuff - ie: no way we will ever cut our divy. It's too important to our investors.
I am quite confident a 50% cut is comiong. Like someone said, it is better to be careful and cut a bit too much than to have to cut twice.
As I said, sh*t happens when the company as a very idioitic CEO. :-)
Karl63 wrote: I doubt that they will cut the dividend, instead opting to delay planned increases for 2023. They have adequate cash flow to get them over this tight time, and things will look very different in a couple of months as project timing swings in their favor. You also have to look at the psychology of management; to cut the dividend would be admitting that they faltered, and they won't want to do that. Right now the dividend is about 9%, but that window of opportunity won't last long.