RE:CNQ DIVIDEND PAY = $1.88 PER YEAR = .046% RETURN PER YEARPayout is more than .046 (no idea why would divide 1.88 by share price and come up of 40.85 and come up with .046%)…that how you would calculate dividend yield,but its not 0.046%, its 4.6%
CNQ has 1.18B shares outstanding x $1.88 per share = $2,218,400,000 in dividends
Expected cash flow for 2021 according to their latest presentation is FCF of $7,900 M USD (x1.26 = $9,954 M CAD) + 3,205 M in capex for 2021 = $13,159M in cash flow
2,218,400,000/13,159,000,000 = 17% payout of cash flow
2,218,400,000/9,954,000,000 = 22% payout of FCF
Spanito wrote: To Management at Suncor. smell the coffee and start paying the correct dividend ratio pay out.
The current payout is disgusting at today's WTI Price. At .031% payout no wonder the shareprice is so depressed. You want us to take risks with your company for a mere .031% return per year.
I can make that more in one day flipping a stock. WAKE UP SUNCOR!
.21 cents per quarter, what a joke in itself. No wonder it's heading back to $25,
Spanito