Time to bring back the semi annual dividend policyIn 2011, Trican paid 5 cents semi annual dividend which based on today's outstanding sharecount, would be nearly the equivalent of what they spent in 2019-2020 on maxing NCIB. It would equate to an 18% yield, insane, I know. But the shareprice back then was $22. It shows how disconnected valuations are and how much sentiment effects investments.
Trican could restore a 5 cent per share semi annual divy policy based on forecasts, with each period up for management review.
We know 2022 could end up as a dream scenario for Trican as the Montney will be ramping up full beastmode to fill the pipes in desperation mode for producers which means higher margins.
A 5 cent per share semi annual divy policy would send the shares SOARING.
Thoughts?