TSX:GEI - Post Discussion
Post by
retiredcf on Jun 17, 2023 6:46am
Stockchase Insights
Comments on the safety of GEI's dividend. GLTA
HOLD
Gibson Energy(GEI-T)
16/06/2023
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research.
GEI has quite a high debt level, with debt at 4X cash flow. But, its dividend payout ratio is OK at 55% (last year). Cash flow is steady, and it has been profitable since a loss in 2015. Some growth is expected over the next 24 months. We would consider the dividend 'reasonably' secure over the mid-term. It is not one that would concern us that much, but we would like to see lower debt for greater comfort. The dividend was raised in February and was not cut during the pandemic.
Pipelines
$21.190
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