RE:RE:Will SU bump the dividend when we get Q2 earnings in 45 daysAgreed, they will not change the established course and raise the div early. Because of this, however, the stock is lagging. I don't care at all about the dividend, so long as SU gets to prepandemic levels. The only hope in achieving this now is for oil to continue rising and there being no market correction before then.
Thor16 wrote: It is highly likely no increase until next year. Share buyback will almost certainly be increased beyond the original approved amount. For our purposes it makes sense to hold off on the dividend. As long as shares stay undervalued (which they seemingly are) the math compounds in our favour. I'd prefer buying back a dollar worth of value for 75 cents as compared to receiving a dollar and paying tax on it. I wouldnt expect a hike in the payout until Q1 2022 however I do expect an increased SIB and additional debt repayment. Keeping in mind the penalty for early repayment is still cheaper as compared to letting the debt mature in the majority of the companies capital structure.