Post by
itsalie on Oct 12, 2022 3:47pm
divvy bump
I haven't been reading the company updates, have they indicating they will bump the divvy with all that fcf? special divvy etc
Comment by
jleer42 on Oct 12, 2022 4:22pm
Nothing mentioned and it is only 3 months since the last big increase. I wouldn't expect anything with the current market conditions, I'm sure they will be conservative and wait until SPR release/recession/potential US export restrictions/China opening etc finish or clarify. It's almost 10% at this point, enjoy if for now.
Comment by
Roscoe747 on Oct 12, 2022 8:29pm
Gear indicates they will return 75% of Free cash (FFO - capex) to shareholders. They have halted the buyback in favour of a monthly dividend. A Special Dividend, if any, to distribute excess cash won't likely occur until the AGM.