Bullboard - Stock Discussion Forum Foraco International SA T.FAR

Alternate Symbol(s): FRACF

Metals & Mining Industrial Metals & Minerals

Foraco International S.A. is a France-based company engaged in the mining, geological and hydraulic drilling sectors. The Company's principle business consists of drilling contracts for companies primarily involved in mining and water exploration. The Company operates in two business segments: Mining and Water. The Mining segment covers drilling services offered to the mining and energy... see more

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TSX:FAR - Post Discussion

Foraco International SA > If they announce a divy

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Post by sicnarf2 on Feb 22, 2024 5:59am

If they announce a divy

It would move up a bit !

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Comment by savyinvestor333 on Feb 22, 2024 6:14am

Annual meeting is April 12 so that is probably when it will be approved. They already mentioned it's coming and the amount. Just rubber stamp now

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Comment by nedstar71 on Feb 22, 2024 10:38am

In the news release they didn't mention the frequency of the potential 6 cent dividend. I'm presuming it's a one off with future dividends to be at the board's discretion? I prefer they don't dangle carrots like this, too amateurish and pumpy. Just announce it when implemented.

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Comment by savyinvestor333 on Feb 22, 2024 11:34am

On the call and Beacon report it was mentioned as a Special Dividend. If you look way back to the initial l listing they paid a dividend and also increased it if I remember correctly. With insiders owning over 35% of the shares they are Highly motivated to return Capital to shareholders. If the Business continues at this rate I'm sure they will institute.a semi annual or quarterly dividend ...more

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