RE:Dividend increase coming. 5x forward PE/2x cashflowOnce leverage is below 2.5x so maybe 6 months more (2 more quarterlies).....even if they keep payin it down to 2x thatd be good too.
They are paying out less than 15% of cashflow (more like 11-12%), and a little over 20% of earnings even with the non-cash amortization of tv channels.
Banks are paying out 50% of earnings/cashflow with a similar 4% divvy and banks trade at 10-14x earnings to CJR 5x