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Crius Energy Trust Tr Unit CRIUF

"Crius Energy Trust through its subsidiaries is engaged in the sale of electricity and natural gas to residential and commercial customers under variable price and fixed-price contracts. The company, through its subsidiaries, also markets solar products to its existing customers as well as to new prospects. It provides retail electricity to its customers in the Connecticut, Delaware, District of Columbia, Illinois, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Ohio, Pennsy


GREY:CRIUF - Post by User

Comment by deisman03on Nov 22, 2018 11:09am
145 Views
Post# 29009794

RE:Dividend Yield (Frist Time Buyer) as Example

RE:Dividend Yield (Frist Time Buyer) as Example
In their last report they stated their payout was 147% of cash flow, which is obviously unsustainable for a long period of time.  

Obviously if they're bleeding cash above and beyond their ability to pay, they will have justification for cutting the DISTRIBUTION. 

That's why some people are concerned. 

Usually such a high payout ratio is cut back when it goes on for extended quarters and is often indictative of POOR MANAGEMENT. 

They also gave the reasons for that and it's already come back to 90% which is still high but sustainable. 

Juste Energy, JE, went through a similar scenario a few years ago. Take a look at their chart. JE went from a $13 average price to below $4 and is only now showing signs of revival. JE's dividend was well over 10% only a few weeks ago. JE also changed it's business model out of the INCOME TRUST to a regular STOCK that pays a dividend, rather than a regulated distribution of positive cash flow by law. 

GLTA the good folks here

 
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