RE:RE:Obsidian OBE vs Cardinal CJ Note that CJ has increased in price to a dividend yield of 7.5% - on just the announcement of a future dividend a month out
OBE should be able to achieve that yield or something lower.
A similar yield for OBE would mean a $13 share price on a $1 dividend or a $26 share price on a $2 dividend
Later this year OBE will start a dividend.
Their H2 capex will determine their free cash flow available for a dividend in H2
Chances are favourable that that will have capacity to pay a $2 annualized dividend later this year