TSX:REI.UN - Post by User
Comment by
hroark7on Oct 21, 2020 11:33am
101 Views
Post# 31754971
RE:Divy cut ? and or Q3 earnings.
RE:Divy cut ? and or Q3 earnings.stocktalk wrote: Any word on the street ?
Thks
No word on the street of a dividend cut because there will be no dividend cut.
Why no dividend cut? Because dividends are based on what the company is able to pay.
Riocan will earn at least $1.60 profit this year. From this $1.60, Riocan only needs $1.44 to pay out dividends. That's a 90% payout ratio. A comapny never cuts dividends below the 100% payout ratio.
Therefore, the numbers and facts show that there is no dividend cut.