Bullboard - Stock Discussion Forum Dorel Industries Ord Shs Class A T.DII.B

Primary Symbol: T.DII.A Alternate Symbol(s): DIIBF

Dorel Industries Inc is a Canadian company that sells juvenile products and furniture. Its segments include Dorel Home and Dorel Juvenile. Dorel Home segment is engaged in the design, sourcing, manufacturing, and distribution of ready-to-assemble furniture and home furnishings which include metal folding furniture, futons, children's furniture, step stools, hand trucks, ladders, outdoor... see more

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Dorel Industries Ord Shs Class A > Special Cash Dividend

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Post by nozzpack on Oct 14, 2021 8:21pm

Special Cash Dividend

Dorel can now easily afford a one time cash dividend of $10 per share, while resuming its $0,30 per quarter regular dividend .

I did a quick calculation of what might be received from the sale of the remaining two segments including the benefit of $37 million less 27% tax and I get about $1.25 billion in CAD.
Paying off all remaining debt/liabilities will cost about $600 million CAD, leaving net $600 million cad in cash or about $18 per share.

Total cash would then amount to about $50 per share which is close to $46 computed by TD.

So, TD's numbers are realistic ...

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