Bullboard - Stock Discussion Forum Fiera Capital Corp T.FSZ

Alternate Symbol(s): FRRPF | T.FSZ.DB.B

Fiera Capital Corporation is a Canada-based independent asset management company. The Company delivers customized and multi-asset solutions across public and private market asset classes to institutional, financial intermediary and private wealth clients across North America, Europe and Asia. It offers a range of traditional and non-traditional investment strategies through specialized and... see more

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TSX:FSZ - Post Discussion

Fiera Capital Corp > If Dividend is Maintained at 22 cents per Quarter

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Post by Detailoriented1 on Jan 14, 2024 12:06pm

If Dividend is Maintained at 22 cents per Quarter

Then I see this making its way back to about $8.50 per share fairly quickly. That would still be more than a 10 percent dividend yield.

Dividend announcement is probably middle of next month.

The company is coming out of some tough times and the board held the dividend throughout. Markets are recovering which increases their assets, which in turn increases revenues and cash flow and profits.

I would be surprised to see them lower their dividend given they have not done so over the past year.

And the CEO bought 5 million shares in the last 6 months to top up his ownership to mid teens percentage of the company.

Volumes have picked up lately on the stock and the cheap shares are disappearing. Might be retail buyers or maybe some institutions are taking positions.

The next month will be interesting to watch here. More reward than risk IMO.

GLTA

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