RE:Same Yield after Div CutWow, I posted this question on Sunday before the All-Out War on oil declared from Saudi against Russia. Now, the share price has gone further down and hence the yield is back over the 20% range.... Will VET cuts its div again if the oil price does not recover for a while? as WillyWally replied "watch the oil price and get a clue".
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GLTA
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gold_diggers1 wrote: Not that long ago, I asked the question "what happened to the share price if VET cuts its dividend, say 50%". Well, the answer is Down, not Up. The market seemed to dump shares.
And since the share price has dropped to $10.36, the yield is still high at 13.3% (=$1.38/$10.36)... just like when the share price was $21 with div $2.76 , the yield was 13.1% (=$2.76/$21)
So, All your experts out there, the question is now... Will VET cut its dividend again? If the share price was continued to go down, then the market would expect another cut??