GREY:EBGUF - Post by User
Comment by
Johnnysbackon Mar 28, 2017 9:20am
189 Views
Post# 26039521
RE:RE:RE:RE:why?
RE:RE:RE:RE:why?autofocus111 wrote: I believe it is not the first time they've done a secondary of this size. I was under the impression that they did not forsee the need to do any offerings in 2017 but obviously I was wrong.
They are issuing 12% more shares.... questions I have, does this affect the dividend growth of about 10% going forward? this is dilutive to their share holdings and they are going to have to pay out a lot more dividends. Is it common shares? I should go back and read it more carefully. They must want to buy something and hopefully it will be accretive to shareholder value. 500 million for a 4.5 billion market cap is quite a bit of cash.