RE:CEOJust so we're clear, you mean to say that you don't believe if they used language that should imply multiple weeks instead of "the next couple of weeks"? Please tell us, is it just angst or something? As a shareholder myself, I do look forward to hearing from the management but it's not worth getting worked up over created non-issues. I'm a young Investor so I realize that I have much to learn but one of the integral parts of successful investing that we can control is our temperament. Cheers and GLTA
Johnwith30years wrote: " I am confident we will be able to provide clariy in the next several weeks." Statement of management on October 30th. Today's date - November 15th. Now that we hav egone ex dividend, new investors do not know what to expect for the next payment so some pressur ebuilding to comlete their assessment to make an anouncement.
I take "several" to likely mean within the next week or two at most or at least to break silenc eand indicate where they are in the process.
If you assume they want to be competitive with other utilities and pay at least 6% going forward and if you assume they view that the company at least returns to 22-25. Then a dividend in the range of $1.32 to 1.5 seems reasonable if they can do that and hold their investment grade rating. If not they will return to at least that level ASAP - IMO. 1.32 is equivalent to a 40% cut and 1.50 is a cut of 31.5% Just musings no one knows for sure.