Post by
malx1 on Nov 14, 2023 8:10pm
Gross Revenues respectable, Buybacks kicked butt
$21.4mm gross, very respectable.
Bridge had me hoping for a moon-shot at $23mm.
That's ok. $21-22mm more in line with original expectations.
Quick bottom-line on dividend:
Bowl of Gold Coins is full, and some started to Spill Over to us shareholders.
At $0.36/yr we were a paltry 31.4% payout ratio.
At $0.48/yr we are at a conservative 41.9% payout ratio.
Historically, the payout ratio here has hovered between 80% and 100%.
We can do some math and suggest that there's room to move Dividend to $0.06/mo, even $0.07 or $0.08 if they ran outta Hens Teeth to buy.
Plenty of room for dividend increases going forward.
Seems BOD is being smart about increases, they are tiptoeing the dividend up a penny at a time.
And as we Hurry Up and Wait, they can keep pushing Buybacks with surplus capital.
If buybacks don't happen, capital can be used to pay down lines of credit.
Share buybacks have really boosted EPS.
Hang in there gang.
There will be more buybacks and more dividend hikes, bet on it!