RE:RE:RE:RE:RE:Good Luck to All LongsForgot, in addition to 2018 and 2019 cuts, Peyto also cut the divy in half in 2020.
DeanEdmonton wrote: Houd - BCE dividend track record versus Peyto, big cut in 2018 and another big cut in 2019. BCE has never cut its dividend, it might in the future, but so far it hasn't. It also has a lot of levers it can pull to reduce costs and it has at least some pricing power.It is however just one example, if not comfortable with that one there are lots of other choices. Peyto's payout is very dependent on gas prices, to me it is more likely to fluctuate than the ones I listed. Also, dividend is not everything, I am a total return iinvestor so the SP gain means a lot in the equasion..
Updated: 2024-06-18
Last Close Price: $14.61
Next Earnings: 2024-08-13
Yield: 9.04%
Payout Ratio: 80.98 %
PE Ratio: 9.49
Market Cap: 2.84B
| 2019-01-23 | | PEY | Peyto cuts dividend 66% to .02 monthly |
| 2018-01-15 | | PEY | Peyto cuts dividend 45% to .060 monthly |
| 2013-05-30 | | PEY | Peyto Exploration raises monthly dividend 33% to .08 |
houbahop wrote: I would not touch BCE. They are financing a large portion of their dividends by increasing their debt.
With their $30B debt, I am not sure I can call their dividend sustainable.