GREY:WFREF - Post by User
Comment by
peplareon Jan 15, 2015 8:50pm
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Post# 23326012
RE:NEWS dIVI halved again
RE:NEWS dIVI halved againThat was in there Budget.
Currently, Long Run is paying a monthly dividend of $0.035 per share ($0.42 per share annualized), for a total of approximately $80 million annually based on 193.5 million shares outstanding. We believe, given our commodity price forecast for 2015, that it is prudent to lower the amount of our monthly dividend to $0.0175 per share ($0.21 per share annualized), for a total of approximately $40 million, beginning with the January 2015 dividend payable in February 2015. Based on our current forecasts and budget for 2015, we believe that this level of dividend is sustainable.