Post by
extremerisk on Nov 17, 2021 8:20am
3 percent dividend yield provides great floor in stock price
What are they going to do with all that cash. Hoping for another big buyback. Dividend of 1.20 is great yield of close to 3 percent now. With probably about $700 million in cash now you are getting close to $10 a share in cash now. So 44 less 10 gives a great stock value of $34 a share. Would be nice to buy back another 11 million like they did with last buyback. Stelco has the problem of too much cash generation.
Comment by
sunshine7 on Nov 17, 2021 9:51am
Too much cash generated... nice problem to have!