Dividend sustainability - Mgmnt supportive On the conference call it was clearly evident that Management is fully supportive of maintaining the dividend.. Management did highlight that it's a Board decision, but reiterated on the trailing basis the payout ratio is only 20%!!!
Stock selloff irrational and now yielding 11.3%.
This isn't the first decline/recession that Corus has endured.. I'm adding to my position with a multi-year horizon. No credit being given to the stock for the FCF generated over last 4 years and pay down of debt. Keep hitting the NCIB