RE:RE:RE:RE:RE:RE:RE:RE:Dividends lolHey Anjez welcome to the smartest SH board I know of.
I'm here for yield as you are but am also for smart capital allocation.
TLV would argue for share buybacks as our current smartest allocation strategy and does so clearly back some pages.
In the end it is all about how it meets up with you.
I bought pre covid for the then yield at a share price higher than now, but then bought lots more with others here while there were no dividends at all being paid and there were lots of cheap shares available. I bought as recently as this week in my wife's account
I'm eager for the double but malx1 is smarter than me and his actual cost per share and return will be nicely into double digits when the dividend doubles. If he's willing to wait it's worth considering his example.
And if you have some time and a coffee you particularly like go back and find The Long View posts that talk about capital allocation and how share buybacks create more value in GH circumstances than dividends
It is exemplary professional work.
malx1 wrote: anjz661 wrote: It would build great investor relations to have some form of an increase annually. This yield is a very good starting point.
I think the company is just looking to reduce debt and grab cheap shares prior to hiking the payout to us greedy shareholders. The divided could be increased to $0.72/yr, or $0.06/mo, and hit a 80% payout ratio once debt is at $50mm and share price is $10-12. No sense increasing dividend until shares reach fair value above $10. So let the NCIB run its course putting fcf to best use, we can all celebrate the hike to $0.72 when BOD and management feel ready. Time will come, going to be 9-15mo like I said earlier. Ride it out with me and Kasking, will be with the wait. And Kasking is buying beers after another 5-figure slot win in 2023.