OTCPK:APCFF - Post by User
Post by
yu20on Dec 14, 2013 10:33am
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Post# 22006103
Why ATP Jumped Today
Why ATP Jumped Today
Atlantic Power jumped 12% after the company announced that it had kept its monthly dividend unchanged. Although its payment of $0.03333 per share in Canadian dollars represents about a 12% yield, it's only a third of what the utility paid until March. Still, some believe that reducing as it conserved cash to help repay debt and facilitate its overall restructuring and balance-sheet improvement. Nevertheless, shareholders celebrated the fact that Atlantic Power didn't see the need to reduce its payout again.
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Why Diana Shipping, Texas Industries, and Atlantic Power Jumped Todayat Motley Fool(Fri Dec 13)