RE:RE:Today's stock market rally overlooked ALAWGL paid a low dividend, much lower yield than we have here. When ALA is derisked, the yield can go down to something over 3% and still be marketable as a safe place to park your money. We’re not there yet. A guess would be a penny increase in Jan might take us to $24 by March. That would be about 4 1/2% yield on a major utility. Not great (especially by ALA standards) but tolerable.
imho, of course. And I won’t complain if it’s 2 cents increase
B1gkatt wrote: Because ALA is primarily a utility stock (with RIPET as small sweetener) that currently does not pay enough of a dividend to support a SP much higher than it is right now. We are 4 months away from the first, probably small, dividend hike after last December's Big Haircut. Get used to a boring trading range of 19.5 to 20.5 until then. Still a heck of a lot better than 12, which was the Christmas present to us longs last year.