STUDENT TRANSPORTATION INC 5.25 PCT DEBS T.STB.DB.A

RE:Dividend........why are people fretting??

[Jmark1]

bychoice wrote:
Dividend declared in US$ is 0.036670.
The current US/CAD exchange rate is 0.806.
That would work out to be 0.03667/.806 or .0455 CAD
The dividend in CAD used to be 0.046368.
Sure looks almost the same to me!!!!

It will be even better when the eventual decline of the CAD occurs

Don't forget the 2% currency conversion fee someone is taking. iTrade say's its not them and contacting the company showed me how clueless their IR is! As they don't even know who is getting that conversion fee.
I look at the divy change as a 35% cut to us Canadians, yes our dollar is down. But if it was to reach parity (highly unlikely) then it would be a cut.

In any case the sell off is over blown IMO and I'm buying on the dips as the future looks brighter than ever for STB. Let the specualtors have their fun while we collect our divy.

In any case nothing has changed except the future is looking brighter for the company.