RE:Is this statement right or wrongActually it is at an average of $93.
And in case you doubt they can sustain the dividend this acticle should reinforce yout belief.
The Globe and Mail reports in its Saturday edition Crescent Point Energy's dividend is much higher than its earnings per share. The Globe's John Heinzl writes some investors wonder how the company can stay alive. He explains that net income is the strictest measure of a company's profitability. It is what is left over after deducting all of the company's various expenses. Many of them are cash expenses, meaning actual dollars had to be spent to pay for them. However, a company's income statement might also include non-cash expenses, such as depreciation and amortization, that reduce net earnings but do not require any money to go out the door in that particular year. As a result, a company's cash flow might well be higher than its net earnings. Companies measure cash flow in different ways and call it different things. For the nine months ended Sept. 30, Crescent Point paid dividends of $2.07 a share -- more than double its net income of 94 cents a share. However, what it calls "funds flow from operations" -- an adjusted version of cash flow from operating activities -- was $4.45. On that basis, the payout ratio was a manageable 47 per cent. Mr. Heinzl warns it is a good idea to keep track of this issue.
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