GREY:CRIUF - Post by User
Comment by
campston Jan 16, 2019 12:49pm
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Post# 29240304
RE:Everyone is partly right and partly wrong...
RE:Everyone is partly right and partly wrong...SirH: this is not the case wrt dividends from the shareholder perspective (vs. Company perspective). At the end of 2019 shareholders will get a tax slip for 10 months worth of $.07 dividends. The delay is permanent. The company is stretching its payables. Under the old scheme, there would be one month's dividends on the quarterly balance sheet. Under the new scheme there will be three months dividends payable. The company benefits from the on time freeing of cash in the amount of two months payable. Interestingly, the actual benefit is higher since the payout date has been pushed out an additional month. So the company will benefit a total of three months.