RE:Buybacks VS DividendEvrybody likes dividends including me and ARX just increased theirs by 25% this year.
Increasing it to $.20 would be 33% or a third more than it is now.
The recent buybacks proves that ARX has ample FCF for shareholder returns.
This tells me that the dividend is safe here where other producers are in jeopardy of cutting theirs.
Buying back shares now is like paying down debt. There is about 615 million shares left in the float.
The NCIB (thanks to GunnerG) is 22.3 million and finishing that off would get ARX to 593 million.
That would leave 43 million shares to get to 550 million which might be doable this year.
That would make about 71 million shares repurchased this year.
If they increased that dividend to $,20 then they would save $.20 x 71M =$14 200 000 in divy
Divided by the remaining 550M shares is $.025 or half of the increase paid for in saved divy..
And do not forget about the 2% buyback tax starting in 2024.
Buyback in 2023 increase dividends in 2024
GLTY and all ARX BULLS
ReitsRus wrote: As much as it's good to see Buybacks it's nice to see Dividend increases even if they are Small. A bump to .20 would be nice to see after next Quarter.