RE:At 4.15 yield is above 4% dividendTradestay wrote: The continuing share buyback increases total return yield. Buying at these prices gives over 4% and that should increase annually. Every 10% buy back in share counts equals approximatelyTTwky $3.5M less dividend to pay. That means rough 700K shares off the market at $5 price that the cash can be used for.
The catalyst is will demand for service stay and the truth is oil demand will be with us for a while, personally the next decade is still strong
terrible div can earn 14-17% paid mthly on ENCC and ENCL. Not worth holding I dumped TCW at 4 a long time ago