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NORTHERN BLIZZARD RESOURCES INC T.NBZ

Energy Oil & Gas Integrated
"Northern Blizzard Resources Inc is engaged in the exploration, acquisition, development and production of petroleum and natural gas reserves in western Canada."


TSX:NBZ - Post by User

NORTHERN BLIZZARD RESOURCES INC > Stated reason for halving the dividend
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Comment by tvstockon Aug 12, 2015 7:10pm
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Post# 24013034

RE:RE:RE:RE:RE:Stated reason for halving the dividend

RE:RE:RE:RE:RE:Stated reason for halving the dividendAm I correct? Not sure.

Suppose   $ 4.41M     dividend  will be paid through DRIP.  Assume  no discount.

At yesterday's SP    of 4.41 , 1 million shares will be issued.


But after today's drop of stock price to 3.9,     4.41/3.9 =1.13 million shares have to be issued.


13% increase?   Please correct me if I am wrong, thanks.



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