Is Wolf of Baystreet dead?Anyone else find it ironic the guy just disappeared as BTE tanked. BTE paid off no debt in Q3. That could be bad nees tomorrow. Debt is still 1 billion and it's 2023. By halfway through next year they want to pay 25 percent of free cash flow as a dividend
and 50 percent by 2024. At $100 million per quarter in free cash flow that's 25 million per quarter per share in a dividend. $100 million for the year divided into 550 million shares. That's an annual dividend of 18 to 20 cents. About 5 cents per quarter. At $5.50 per share that's roughly 3 to 4 percent for the year. If you own 10000 shares that's $400 extra by mid 20023 annually. By 2024 that's $800 extra for every 10000 shares annually. Is that enough to make it jump tomorrow? From $5.48 to $5.68 today is a good sign.