RE:RE:Financial Engineering 101 Robert
Hope
– Scotiabank
–
Analyst
All right, a
nd then just in terms of the dividend, y
ou mentioned balancing growth and dividend. Do you have an altered view on payout ratio moving
forward? Or is it just what the optimal use of capital is and whether or not you’re getting properly valued for kind of the event outlook that you’ve
presented?
David Cornhill
– AltaGas Ltd.
– Interim Co
-Chief Executive Officer
Yes. As yo
u know, I hold a fair number of shares. I think sustainable dividend and growing dividends, we think is important and sustainable first and
growing dividends second. And we will work hard to do that. We think that we’ve got to balance dividend growth with
value creation for the shareholder
and it’s a balancing act
and we’ll continue to make recommendations to the board on that balance
igstar wrote: What is your response if ALA, as scotia has just said .... increases the dividend 3% when they release Q2?
The company said they can do everything, and have the ability to increase the dividend 8-10%. Nothing has changed .... but your entire ramble is based on one thing ...
"
My personal assessment in looking at the balance sheets is that ALA will have difficulty in maintaining the dividend and having sufficient cashflow and debt room to fund it capital requirements"
No mention of what they are ... timing, debt vs equity ... capital inside WGL is TOTALLY separate from ALA - as stated in the DC hearings. Also see to be ignoring the DRIP ... which is funding capital, and it is currently at around 70% participation - or well over 300 million dollars.
Your comments are common " they can't pay .... and point to the open skies ... without any thought"
BNS says dividend goes up, company says everything totally on track .... I will take that over one liners anyday.