RE:Where did mgmt say they'd increase dividends with debt <50 From Q1 report. Do some reading.
"Cardinal will continue to focus on debt reduction and, with current forecasted commodity prices, expects to reach its Phase Two debt reduction target of total corporate net debt of less than $50 million in the third quarter of 2022. At that time, we will as outlined, revisit our monthly dividend rate."
JohnnyDoe wrote: Can someone point me to where mgmt actually said they'd increase the dividend once debt was less than 50M. My understanding is they said they'd increase shareholder returns which doesn't necessarily mean a dividend increase.