OTCPK:TNGZF - Post by User
Comment by
Allah_says_BUYon May 18, 2016 5:16pm
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Post# 24886400
RE:RE:RE:Dividend Cut
RE:RE:RE:Dividend Cuteyeliv2ryde wrote: Should have specified....this is in reply to the post by "
prested" on May 16, 11:59.
Begins with "They would need a very good reason to cut, and frankly....."
...and goes on to say:
......"My experience is that companies that cut or educe dividends, even if they later return back to the original amount, are never trusted again, EVER."
My question to "prested": Can you share the names of a couple of these companies?
Riocan comes to mind (REI.un).
The CEO Ed Sonshine said during the worst of the great recession in 2007/2008 that "cutting their dividend would be like cutting their throat".
They have never cut it, they never will and they continue to invest and grow and are the darling of fund managers all over North America because of it. NOT cutting a dividend and continuing to grow can and does happen with good companies all the time.