TSX:STB.DB.A - Post by User
Comment by
BuffaloBobon Jan 12, 2016 9:58pm
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Post# 24452379
RE:RE:payout ratio 370 percent
RE:RE:payout ratio 370 percentask Morningstar for an answer on this calculation and they said our formula is how we calculate it. we take dividend divided by net income. We cash flow is the key not an accounting term net income. cash calculations is what is important. If the company uses leases it is expenses the lease cost. It has said it also is building equity in the leases. I looked in the MD&A published and it shows the company bought out last years 6 year old leases at $22k and the vehicles had a market value of $35k. Plus if the useful life is 15 years that's 9 more years to use it at 30% of the original costs. I don't know why at 2-4% lease cost they don't do more. Im so tired of the people who take STB on and have destroyed value vs investing in the company and getting a good return. This isn't a company for hedge funds or speculators. its a utility and it pays a nice dividend. Looking forward to Thursday to get mine.