GREY:TBTEF - Post by User
Comment by
emmitton Jul 08, 2015 4:18pm
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Post# 23904625
RE:RE:TBE strong but 50% div cut reduces debt by $20 mill/yr
RE:RE:TBE strong but 50% div cut reduces debt by $20 mill/yrI'm sure cutting the dividend is debated by management every month. I sold my holdings months ago and won't buy back in until the dividend is cut. With weaker second half hedges, there is much better ways to allocate cash flow then maintaining the current dividend.
I think a dividend reduction would be a positive for the share price.