OTCPK:ICPVF - Post by User
Comment by
firstworldon May 24, 2020 4:07am
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Post# 31065892
RE:RE:Dividend going forward
RE:RE:Dividend going forwardIF it's up in 1.5 years which is highly doubtful considering huge cost overun already indicating that while no one has ever built a plant like this in Canada they certainly don't know what they are doing. Probably because too cheap or proud to bring in the foreign experts who know.
RetiredCEO wrote:
DIVI was cut to pay for the new petrochemical plant without taking on more debt. After that plant starts operating, IPL is expected to be seriously flush with cash. We are getting close. Another ~1.5 years. I fully expect the divi to fully return once the plant gets up and going, and possibly increase from old highs. In the meantime, get paid a fair yield to wait for your shares to appreciate.