CANEXUS CORP 6.5 PCT DEBS T.CUS.DB.D

RE:RE:RE:RE:RE:RE:RE:RE:RE:news for nato

[Kherson]

pjn0987654321 wrote: "I do agree that management has had the option to cut dividends for more than a year, but, ask youself why that hasn't happened."

They already cut once -  

"The Board of Directors declared a quarterly dividend of $0.10 per common share, representing a 27% reduction from the previous quarterly dividend of $0.1368. This change results in Canexus retaining significant capital as we complete the North American Terminal Operations ("NATO") unit train expansion project. The dividend is payable July 15, 2014 to shareholders of record on June 30, 2014."

https://web.tmxmoney.com/article.php?newsid=67627680&qm_symbol=CUS

But if one reads further in that NR, you will find that the reduced dividend still resulted in a 354% payout ratio...
Kherson