OTCPK:ICPVF - Post by User
Comment by
gwplanton May 09, 2014 6:45pm
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Post# 22546241
RE:RE:RE:RE:Dividend increase?
RE:RE:RE:RE:Dividend increase? "Their earnings and cashflow won't cover the dividend they have now."
Huh??
"
Cash Dividends
Dividend payments to shareholders grew by $53 million in 2013, an increase of 19 percent. Declared dividends totaled $338.2 million or $1.1775 per share in 2013, compared to $285.2 million or $1.055 per share in the previous year. Payments rose as a result of Inter Pipeline's two dividend increases in 2013 and a greater number of shares outstanding. Inter Pipeline's annualized dividend rate is now $1.29 per share, up $0.18 from a year ago. Our annual payout ratio remained conservative at 73.6% for the year, in spite of the substantial increase in dividend payments.
In the fourth quarter, Inter Pipeline declared dividends of $98.6 million or $0.3225 per share, resulting in a payout ratio of 75.5%."