Post by
SilverSpewn on Feb 08, 2021 8:56pm
Special div?
What does everyone think regarding the odds of a special dividend coming to shareholders of the new WFG following the acquisition?
Comment by
JohnnyTSX on Feb 09, 2021 10:16am
I can't see it at this time. I think they will use cash to strengthen the balance sheet post acquisition, and work towards integrating processes and systems (ie mgmt, sales teams, etc). If they continue to print cash for a few more quarters, I fully expect to see a dividend raise.
Comment by
Nystrom on Feb 09, 2021 11:02am
Norbord had a higher div return policy and higher debt load. WFT had a lower div return policy and lower debt load. I think the combined company of WFG will use the cash pile they are sitting on to reduce total debt and substantially increase the quarterly div. A mix of both policies.
Comment by
Dadsaid2 on Feb 09, 2021 4:31pm
There will.be a special dividend 100%. Brookfield didn't sign off on the merger for shits & giggles. They want some of that mountain of Q3 cash that both companies have and will add to in Q4. Norbord Q4 earnings will be one for the ages. Unlike lumber prices that were soft.in Q4 osb kept rising and the Q4 avg is pretty much insane. GLTA