RE:Next dividend How can the dividend, if reinstated and assuming AFFO/FFO nothing change, be less than $0.02 per month? (since the dividend was already $0.02475/month before shares consolidation).
If nothing is changed, it should be $0.02475 * 5.75 = $0.142/month. Correct?
With respect to the number of shares buyback, since the dividend of $0.02475 was suspended in November last year and the whole dividend amount is used to buy back shares 100%, then TNT is on track in doing that.
Before consolidation, there was about 92,000,000 shares outstanding (after consolidation 16,000,000 * 5.75):
- dividend amount = 92M * $0.02475/month = $2,277,000/month to be used to buy back shares ($6,831,000/quarter)
After consolidation, let's say average $9/share...
- $2,277,000 / $9 per share = 253,000 shares/month to be bought back
- 253,000 / 22 days (in a month) = 11,500 shares/day to be bought back
I see that between 11,000 and 11,380 shares each and every day have been bought back since Nov 15, 2023.
That means TNT has been buying back shares **uninterrupted** Correct? Yieldseeker889 wrote: If buy back amount equals to future dividend, it will be less than 2 cents per month! Terrible! Am I right?