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Bullboard - Stock Discussion Forum CANEXUS CORP 6.5 PCT DEBS T.CUS.DB.D

TSX:CUS.DB.D - Post Discussion

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Post by pennydredful on Jun 28, 2016 1:17pm

Dividend

will    the     .o1   Quarterly     dividend  be   restored   ?
Comment by Kherson on Jun 28, 2016 4:08pm
I highly doubt it. The next move for Canexus will be CCAA protection. I believe that Canexus and it's banking syndicate were fully aware that the proposed merger was history when they eliminated the dividend. Keep in mind that for most of the last 3 years, the payout ratio was well over 100%. Canexus simply has no money to pay a dividend! Kherson
Comment by mattmckensie on Jun 28, 2016 4:24pm
This post has been removed in accordance with Community Policy
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