TSX:STB.DB.A - Post by User
Post by
Rak2on Jun 16, 2015 2:39pm
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Post# 23836382
Dividend cut
Dividend cut
With the announcement today, we now know the dividend cut is 2.575% Dividend declared in US$ is 0.036670. The current US/CAD exchange rate is 0.811750 and the dividend in CAD used to be 0.046368, so a decrease for CAD people of +2.575%. And add on top any currency exchange rates from your broker, unless you move STB over to the US$ side of your brokerage account. This is going to sink to below $4 once people see what is happening in their accounts.