I respectfully disagree with those who argue...that 420 is as high as ALA can go without a dividend increase. It is usually total retrun that large investors seek and if Earnings and reports are convincing investors that there is significant growth ahead for this company and that it has been hammered down too far then I think the stock price can reach $24 before a dividend increase will be required. If cash flow is moving up smartly and sales of assets and other positives come on stream, many will see the longer term fuutre and value for the assets and earning power of ALA and anticipate both rising dividends and a rising stock price as the ship rights itself. Thi sis rare in a utility and will only happen here becasue it was so deeply oversold. Look at Book Value and several indicators to see how it compares with its peers. Dividend percentag eis only one indicator.... still around $24 the dividend yiled drops to 4% so income investors will be hesitant but those seeing the total value picture will still buy in as the situation imroves. two years out and you could get rising dividends for many years. So I think 24 prior to the need to increase the dividend. A key for them is to keep shedding debt and not engage in any new investments where the return is doubtful or not understood by the market. 28 could be in the cards by January 2021 but I'll take 24 ...{ not a penny less.:) }