RE:RE:To the experienced here, a question pleaseWhat dividends are dropping? Mike Rose, CEO has confirmed that the $0.25 quarterly dividend will always be maintained. It is a modest dividend for that reason.
He also plans to continue paying out the four special dividends this year. He warned that all of the special dividends might not be $2.00 per quarter. With $2 billion of free cash flow projected for 2023, there is lots of money available for both regular dividends and special dividends. Even if the next three special dividends are only $1.00 per share, the total dividend yield for 2023 would be over 10%. I am happy with that while waiting for the price of natural gas to inevitably recover. It is likely that the three remaining special dividends this year will be somewhere in the $1.00 to $2.00 range.