OTCPK:MAUXF - Post by User
Comment by
AdamJTon Jul 19, 2012 10:55am
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Post# 20130696
RE: RE: Dividend
RE: RE: Dividend Actually a huge benefit depending on your account and goals. This is going in my TFSA and returning some money right away. Sure I can wait for the drop but nothing comes back to me and not getting paid to sit on it.. As opposed to buying a non dividend paying stock which can easily pull back just as much...that is a prime definition of dead money. With Mart at these levels you are getting a 7% return back into your pocket in less than a month. Then when dividends start coming quarterly that's a 3.5% return every quarter. Plus room for increased dividends and hopefully valuation goes to where it should be.
Frankly, the only reasons this stock isn't over $2 is that it's on the Venture and in Nigeria. The first can easily be fixed by moving up to the big board by the fall and the second may affect valuation always but not to the extent it is right now.