Home Capital Group Inc T.HCG

What about a dividend?

[Commonguy]

It may just be me but Yousry Bissada and the board  may not get the importance of issuing a dividend now. Home Capital is capable is issuing a dividend now that OSFI has permitted such and yet not suggestion they will unless I am missing something. The stock buyback is great however , longs deserve more based on their patience. It may be time to move on to a dividend paying stock like EQB.

[caretired1]

Why no dividend will likely be the first question on the conference call

[canader]

They said in last conference call SIB/NCIB and then divi over 12-18mths. So it will come.

[caretired1]

Thanks. I love this co. Hibben is a great chair and Brad a good CFO

[wildrunner11]

First step done, SIB. We are much better off to get SIB first then do dividend, reinstating dividends would drive share price up thus make SIB less effective. HCG will still have app. $200m in excess cash after SIB to get back their Tier I capital levels goal of 14%-15%. They have committed by end of 2022 they will do that so expect dividends soon.   A little disappointed in EPS

[HermannHaller]

It was asked, and they said they plan to start a regular dividend, just want to get the SIB done first. I expect we will get formal dividend announcement early in Q1. Analysts pointed out, and management confirmed, that the plan to get to the target capital levels by end of 2022 is an acceleration from their previous guidance.

[canader]

Been around since May of 2017. Dividend mean very little to me. Share price means a lot. A divi will be ~2%. The stock price can swing that on any given day/week. SIB and NCIB please and thank you. I can do the rest :) But if it ever happens a divi will be nice. Nope. Not going to EQB