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

Strong buybacks reported this week

[slimjim11]

Over 180,000 shares have been bought back this week, according to insider transactions reported on INK Company Insider tracking of SEDI filings. As the shares are bought back, the cash required to service the dividends goes down and the payout ratio continues to fall, even if the buyback is financed with debt at 6%, the company is retiring shares at 14%. (US$0.03667 x 12 mo/yr / US$3.11 per share re-purchase price reported)

[d_trump]

yes and the interest payments are tax-deductible whereas dividend payments are not.

[scarface9]

https://www.canadianinsider.com/company?menu_tickersearch=STB%20%7C%20Student%20Transportation does STB have a DRIP? I didn't see one mentioned in the dividend news release, so I'm assuming the cancelled shares are not replaced by any DRIP participation

[fellowship]

https://www.ridestbus.com/drip.cfm They offer it to their investors.

[BlueCollar51]

Yes STB has a DRIP https://www.ridesta.com/reinvestment.cfm   This is from the 2015 YE MD&A   “The Company established a dividend reinvestment plan (the “Plan”) in May 2009 to enable eligible shareholders of the Company to reinvest dividends on their common shares to acquire additional common shares of the Company. The common shares issued under the Plan are issued directly from the