RE:RE:RE:Seven cent Div's got my juices flowingI'm with you. The key words are "sustainable dividend." Oil prices are great right now, but we've seen how fast that can change. We've also seen how negatively the market reacts when a company cuts its dividend. Instead of setting a high monthly dividend based on today's Oil and Gas prices, I'd rather see them set a more conservative monthly dividend that they can comfortably sustain even if prices drop back into th $60's.
If prices stay high and they spend most of the year swimming in cash, they could always pay out one-time "special dividends" to put the same money into shareholder pockets while still staying sustainable for the long term.
CashFlowADay wrote: I love Cardinal but I am expecting about half of that!
Costs have gone up, other such needs for money. If it is 4 cents or better I will be shocked and so happy.