RE:Dividend After The Split - FYIVery interesting. I thought the ratio was going to be 3:1 so I'm quite happy about the higher ratio. I've never liked the split and plan to sell all our SBow shares and use all that dough to buy more shares of the new TRP.. I think there is going ot be lots of SBow selling and the SBow price will take a beating and the TRP price will rise. The higher ratio will ease some of the pain of the swap.
I also find it quite interesting that a ratio of 5:1 would be a 83.33%/16,67% split on the new share price but the divy is going ot be split 86%/14% so TRP divy gets extra boost and SBow divy gets a minor cut.
After the split, I see much larger divy increases for TRP compared to SBow.
Interesitng times......
newcoin wrote:
TC Energy shareholders as of the record date of April 16, 2024 will receive, in exchange for each TC Energy share, one new TC Energy share and 0.2 of a South Bow common share. Shareholder dividends, on a pro forma combined basis, are expected to remain whole between TC Energy and South Bow following the spinoff Transaction.
Shareholder dividend expected to remain whole1
Expected dividend split to be:
- ~86% TC Energy
- ~14% South Bow
1 Dividends are at the discretion of the respective Board of Directors.
TC Energy shareholders as of the record date of April 16, 2024 will receive, in exchange for each TC Energy share, one new TC Energy share and 0.2 of a South Bow common share. Shareholder dividends, on a pro forma combined basis, are expected to remain whole between TC Energy and South Bow following the spinoff Transaction.
Shareholder dividend expected to remain whole1
Expected dividend split to be:
- ~86% TC Energy
- ~14% South Bow
1 Dividends are at the discretion of the respective Board of Directors.