Dorel Industries Ord Shs Class A T.DII.B

Share Buyback….Not much before Dividend date

[nozzpack]

orel to launch normal course issuer bid

The TSX has approved Dorel's normal course issuer bid (NCIB). Under the NCIB, Dorel may purchase, for cancellation, a maximum of 1,891,222 Class B shares, representing 10 per cent of the 18,912,225 Class B shares forming the public float.

The shares may be purchased through the facilities of the TSX and on alternative trading systems in Canada over the 12-month period from Jan. 6, 2022, to Jan. 5, 2023.

As of Dec. 24, 2021, Dorel had 28,359,191 Class B shares issued and outstanding.

[byloselhir]

Assuming they sell the rest and it takes awhile would you see them doing a regular divi in the mean time?

[JMOttawa]

I suspect they will focus on the NCIB and making the remaining divisions as profitable as possible. I would be surprised to see the regular dividend reinstated.

[McRambus]

Unless they're holding on to announce it at the first querter results, the fact they did not mention a quarterly dividend leads me to believe the remaining company will be sold by end of this year.

[JMOttawa]

Good point! That would be the best stimulus for share price..!!