GREY:CRIUF - Post by User
Post by
SirHumpsAloton Jan 16, 2019 12:36pm
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Post# 29240198
Everyone is partly right and partly wrong...
Everyone is partly right and partly wrong...
The fist quarter ending Mar 31 pays out June 17th. That is late, but pays out the full dividend as expected. They have announced that. The next quarter ending June 31 will be declared on the 15th of July and should pay out in August. Once that happens everything is back on track exactly where it was supposed to be. The change over and delay will save the company money, will improve cash flow, and will stabilize the monthly operations. This is actually a smart move. The question is, was it done in desperation or was it a prudent decision that was made to improve the company? Since the dividend was not cut I would assume this is a prudent decision that will hopefully prevent any potiential future cuts.
So, in summary, if you sell before the second quarterly dividend you will effectivly take a 50% hiar cut on your distribution. If you continue to hold, you will end up par with the monthly distribution.
Not a negative release... it is neutral. Those depending on this for monthly income will be dissapointed. Otherwise, it seems fine. Look at today as a sale price... just one opinion....