OTCPK:MAUXF - Post by User
Comment by
zeus55on Aug 29, 2013 12:34pm
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Post# 21706602
RE:dividend
RE:dividendMore than likely the dividend will stay at 5 cents/quarter. All of the delays and pipeline disruptions have eliminated the chance to build a cash war chest this year, and Mart had to actually borrow money. Now, the taxes will increase even before we get any meaningful increase in production, so it wouldn't be wise to increase the dividend under those circumstances. But the present dividend should be sustainable, and that is more than enough to keep me invested. Of course, if AGIP shuts down tomorrow for another extended period, that would change everything. I really don't expect that to happen though. One thing for certain, expecting Mart to increase the dividend, and looking for the corresponding jump in the share price, would probably be foolish. Be happy with the more-than-generous 20 cents/year.