ARC Resources Ltd T.ARX

Dividend

[DaveInvestor59]

I just skimmed through the report and it looked as though there was no addition to the current dividend in this quarter. They talked about dividends from last quarter but I didn't see anything in print for this quarter. I certainly would have expected some kind of a dividend increase. Am I missing something?

[Trapped]

They just raised it by 50% at the end of last year and took the opportunity to pay down $140M in debt and purchase a few million additional cheap shares while they could. Rome wasn't built in a day. IMO, look for an increase when they announce Q1 2022 financials in May.

[DaveInvestor59]

Thanks Trapped for that info. I follow Eric Nuttall, and he's been pushing Arc and also pushing the idea of giving investors meaningful dividends. I agree with him. If these energy companies would reward shareholders more then maybe the stocks would start moving at a better rate than they have been lately. Higher WTI doesn't seem to be moving them much anymore. Quarterly report right now

[Trapped]

HI Dave, I agree completely but have always been good with their conservative approach to the business. I think we're actually going to see two dividend increases this year. Oil will be coming under pressure starting in Q2 and IMO later announcements will help attenuate any price shocks en route to the inevitable march up to $20 and beyond. Cheers and GLTA.

[DaveInvestor59]

Good thinking Trapped, I hope you're right and there will be dividends and momentum for the stock coming up in the near future. I need the cash lol.

[GunnerG]

Yes you are missing something.  Management never said a thing about another increase for Q4. Exactly who is "They" in your comment below?  Provide a link if it was management, I would love to see it.

[downwithdotcom1]

AGREED...as pointed out, the company just raised the dividend and the company will again perhaps on Q1 results , CERTAINLY on Q2 results if commoditee prices let them..in the business - you can introduce a divi, you carry on with a divi, you can even raise the divi BUT YOU MUST NOT CUT THE DIVI without taking a SEVERE BEATING from institutional holders.  IN GENERAL-ARC management has stated

[Trapped]

Nothing wrong with taking profits; enjoy the steaks and beer! :)

[clamlinguine]

Mgmt said on the cc they view dividend increases as an annual event, and based on sustainable pricing ($55, $2.50 aeco). Nothing to say they can't change this view depending on circumstances.