TSX:KMP.UN - Post by User
Comment by
Maxmoeon Jul 24, 2024 1:45pm
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Post# 36146498
RE:RE:Ncib
RE:RE:NcibAgree 100%. Pay down debt. But what is the point of announcing a NCIB if they never buy a single share. Speaking of pointless, anybody use the drip? Am I reading it correctly? If I get $1000 dividend, and I opt for the drip 3% top up , I'd get $1030 worth of stock versus $1000 if I opt for cash? Seems pretty pointless but then again I don't have many dividend payers and no other drip to compare to. At that rate I'll continue to take the cash and either buy more Kmp on a down day. There always seems to be one. Or more stock in whatever is cheapest in my portfolio that week. Or accumulate some rainy day firepower. Or blow it all on girls and liquor like a drunken sailor with a weekend pass. A grand doesn't go as far as it did 40 years ago, but wtf.