RE:Replace Special Div. With $1.25 Quarterly Div?A $5 annual dividend equates to an 8% dividend for Tou. A $4 annual dividend equates to a 6% dividend.
Compared to CNQs annual dividend of approximately 4% I truly believe the large investment companies would be hugely in favour of a guaranteed annual dividend . I don't know what the right % would need to be to ensure Tou will not have to cut dividend rate in the future, but I think 6% would be achievable unless there is a total collapse of the oil and ng industry. I think we go back to $80 in the not so distant future.