RE: RE: RE: Expect dividend soonYou are much too optimistic here with your 9 cent semi annual prediction. Taiga specifically said they'd pay 25% of earnings out in dividends and would pay dividends semi-annually. They earned around 37 cents last year and paid out 9.24.
I expect Taiga to again earn between 35 and 40 cents this year (solid, but no gain because of the recession and because a strong Canadian dollar hurts their earnings). [Why is this stock selling for only $1 with 35-40 cents worth of earnings???? That's a question for another day.]
That would put them on track to pay another 9 cents or a little more this year.
But you forgot that their earnings are seasonal. They make lots of money in the 2nd and 3rd calendar quarters (their 1st and 2nd fiscal quarters) and sort of tread water the rest of the year (break even to slightly positive). Taiga's 17 cent 2Q earnings are completely consistent with my 35-40 cent annual prediction.
That's why I expect them to pay out somewhere around 4.5 cents now and another 4.5 cents plus or minus a little at the end of the fiscal year (which ends March 31).
If you're looking for 9 cents in this coming dividend you will likely be disappointed and I don't want you running around, blaming the company, calling them liars, and selling off, just because you haven't been thinking about seasonality.