Post by
shenty46 on Nov 10, 2021 1:58pm
The
The problem is that they would be announcing dividend of 5 or 10 percent of ffo for 2022, that is arounf 4-5 cents per share if its 10 percent off projected ffo, and if its 5 percent off ffo than vermiliion can go below 10. A steep appreciation is ruled out, if suncor is available at 32 dollars giving a yield of more than 5 percent, who will buy any other stock.
Comment by
alkhor on Nov 10, 2021 3:21pm
FFO for the third quarter was $263MM. Using that number and 5% of FFO for the dividend, divided by 162 million shares, that works out to 8 cents per quarter dividend per share. Could be as high as 16 cents if you use 10% of FFO but then commodity prices may be lower, so the 8 cents is the low end.
Comment by
navajojoe on Nov 10, 2021 3:45pm
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