GREY:VICUF - Post by User
Post by
richvon Nov 01, 2012 6:24pm
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Post# 20552376
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Upcoming results Last VicWest quarters have all been close to record highs. Competitors, such as Canam have recently posted good 3rd quarters. Am expeting VicWest to post good numbers again. The steel industry seems to be just starting to pull out of the recession which means VicWest should increase earnings. Stock pays dvidend of $0.15 per quarter, $0.60/yr. As an income trust VicWest paid $0.13 per month or $1.56/yr. I think there's room to increase the dividend which would drive the stock price. Stock won't go much above $12.00 if dividend stays at $0.60.