TSX:BPO.PR.A - Post by User
Comment by
CrazyTraderon Sep 10, 2024 10:23am
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Post# 36216512
RE:Website regurgitating Prospectus information is not a
RE:Website regurgitating Prospectus information is not a We all know these Prefers are "cummulative".... hence dividends NEED to be declared to be paid otherwise they accumulate.
Company does not need to pay a dividend at the end of this month. But as I understand, that would mean common shareholders won't get paid.
But, basically common shareholders have basically had their dividends cut already long ago. I view paying a dividend to common shareholders and then having them give back the money and issue more equity to them is just basically a dividend cut in a different form.
So, if common shareholders were not interested in more equity in the company, I can see the company not paying a dividend on these prefers and letting the dividend accumulate.