RE:RE:RE:RE:RE:RE:As I am passing by again
ChamBid wrote: No their math is accurate.
It's based on the 2023 annualized. There were two dividend payments at .36 and two at .38. This totals $1.48 for 2023. If they now pay 4 dividends of .39/share, it totals $1.56.
$1.56 / $1.48 = 1.054
Ok yes that does make the maths make sense.
It does seem like an odd way to look at it unless your are summarizing its history. Them using it that way tho makes it sound better than it is as the raise is rather small.
It also seems odd that they indicated the intent to pay a special dividend (which in the past most have been fairly significant, 97 and 85 cent & were paid in shares), to pulling back on that intent and then an extreamly minor raise. I understand the idea that there was likely a better use for that money as the sector is on less than solid ground, but dialogue that's been put out seems poorly done. I was a bit concerned when Karen Weaver retired as she's given us some pretty solid years late in her run. I'm not as content with how things went with the interim and now new leader Don. Part of it is the market they have been dealing with it, but the tone of releases feels like it has also changed for the questionable.
After around 12 years of holding this name, I'm starting to wonder if it might be getting time to reduce or totally sell out. I've made very good money on this holding to this point.
Also of note:
As of today, we are no longer eligible for reduced margin capabilities for holders in a taxable account. This is nothing new as we tend to fluctuate in and out of this status every 3-9 months, I don't yet understand the reason for this constant change of status. (I was a couple weeks late on remembering to check the release when it came out early this month)