RE:Dividenddandu1924 wrote: I am just back on their dividend calendar, in 2014 and before BTE paid a nice dividend in 2013-2012 average .22 a month or $2.64/share so at his time BTE was not in good shape about their balance sheet and now BTE is going better and better about their balance sheet. I will be very happy with just half of this dividend .10 a month or $1.20 year/share, why not.
Definitely agree, I know everyone down with the stagnant SP, but food for thought if the SP stays relatively low this helps with buybacks. Options to evaluate:
- Since the SP is low bte pay minimum on debt and max to share buyback while SP is cheap till the buyback tax is implemented.
- Finish the 10% share buyback, no more buyback then all to debt repayment to reach dividend goal. Pay 50% to dividend and 50% to payoff debt and build cash nestegg for capex and future asset purchases.
- Continue as iz safe, slow and steady.
I did like the share buyback when presented, but for them to get to 450M share float will take a Dang long time and a SsHt ton of money. We don't know the future but option 2 has quicker benefits for BTE be debt free and keep shareholders a bit happier.
Have a great weekend.