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Bullboard - Stock Discussion Forum
Sylogist Ltd
T.SYZ
Alternate Symbol(s):
SYZLF
Technology
Software - Infrastructure
Sylogist Ltd. is a Canada-based company, which provides software-as-a-service (SaaS) solutions. The Company provides enterprise resource planning (ERP), constituent relationship management (CRM), fundraising, education administration and payments solutions. It operates through three verticals: SylogistMission, SylogistEd, and SylogistGov. It refers its software solutions and related services...
for customers outside these three verticals as SylogistServices. SylogistGov offers three cloud-based solutions, such as SylogistGov ERP, tailored for local government needs; SAVIN, an advanced victim notification system, and Grants Manager, streamlining award and grant management processes. The SylogistMission caters nonprofits, non-governmental organization (NGOs), and faith-based organizations. SylogistEd offers enterprise resource planning (ERP) and student information systems. The Company offers Time Clock Now, a comprehensive SaaS solution for streamlining time tracking and scheduling.
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TSX:SYZ - Post Discussion
Sylogist Ltd
> NCIB
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•••
AlwaysLong683
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Post by
AlwaysLong683
on Nov 15, 2022 10:35pm
NCIB
Just because a company initiates an NCIB that is accepted by the TSX doesn't mean it actually has to buy back any shares. The NCIB simply provides them with the opportunity to do so should they wish to engage in share buybacks.
In my view, looks like SYZ is trying its best to spin the huge dividend cut. The share price is low, they don't have the money to both buy back shares and maintain the dividend, so they almost eliminate the dividend and say they can put this money to better use than shareholders can. The new 0.01 per quarter offering technically still makes them a "dividend-paying" company, though income investors won't be able to retire collecting one cent per share per quarter. Thus, those in it for the yield sold.
Most companies are loathe to cut the dividend by any amount as it shows that the dividend shouldn't have been that high in the first place if they couldn't provide themselves with a financial cushion to take advantage of a low share price via an NCIB or make acquisitions. According to
The Dividend Channel,
SYZ has been increasing its dividend each year since 2010, so no wonder shareholders were shocked when SYZ announced they were cutting the dividend from 0.125 per quarter all the way down to 0.01 per quarter.
(10)
•••
hsbc11
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Comment by
hsbc11
on Nov 16, 2022 12:52am
This post has been removed in accordance with Community Policy
(1183)
•••
navajojoe
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Comment by
navajojoe
on Nov 16, 2022 7:21am
This post has been removed in accordance with Community Policy
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