RE:RE:RE:Where did mgmt say they'd increase dividends with debt <50CJInvestor wrote
I read the same report as everyone else. And the last time I checked the definition of revisit, it meant to reconsider or re evaluate from a different perspective. No where does revisit mean100 percent promise to increase the dividend. I am sure they will take into consideration the current stock yield. If the stock is stuck where it is now then it makes no sense to me to increase the dividend to a crazy yield of over 10 percent. That would be like a broken REIT lol
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You might want to go back and read the report again.
This is what CJ said.
"We anticipate that our net debt will decrease to under $50 million in the third quarter at which time we outlined that we will revisit our shareholders return strategy with an INCREASE to the dividend rate."
That means when net debt is under $50 million they will increase the dividend rate. Seems pretty clear and definite to me.