Dividend StrategiesWCP: Pay a monster dividend
TOU: Pay a small-ish dividend but give out 4 special dividends a year
BIR: Pay a monster dividend then be forced to slash it when gas prices tank
ARX: Find a sweet spot for a sustainable dividend and leave it alone
How much does a company's dividend strategy weigh on the performance of the stock? If we are judging that from BIR we can comfortably say: A LOT.
TOU's strategy is interesting but the market does not seem to be rewarding it.
Energy investors must be growing tired of uncertainty. And they seem to be gravitating toward the most 'certain' names of the group. GLTA