RE:RE:RBC sees $0.02/month divvy coming backjosephheller wrote: Thanks John, its great to see major banks seeing what many of us are seeing. I was expecting banks to start pricing a dividend hike today. 2c a month dividend translates into a 8% yield at $3 a share, however considering the sustainability of the dividend in light of the low payout ratio, its likely that CJ will trade closer to a 7% yield or $3.4 a share. No wonder the stock is up sharply this morning despite a relatively weak sector.
Be nice if banks back up the sentiment with some upgrades on Cardinal. They are quick to downgrade on weak news, the same should apply on positive news.