RE:One Question on the Dividend maybe someone can answerLawyerup wrote: I looked at the financials and I have a question around the dividend. Is it eligible for Canadian Tax purposes or is it just considered a cash dividend. Their quarterly reports just say dividend without much else. One thing I find a little disappointing is their website they could attract a lot more investors with an updated site. On my watchlist for now still doing my DD. All the best, Charlie.
This is usually a question for our "Dividend guy" Kasking but I'm going to grab it because he's busy in the middle of Spring break-up.
For a dividend to be eligible, it has to be paid by a Canadian Corp to a Canadian citizen;
then, it has to be paid by a Canadian Corp that earns more than $500k per year.
GH's net earnings are likely to normalize around $20mm-22mm as we exit the pandemic.
Yessir these divs from GH do qualify.