Post by
wallopnd on Feb 17, 2021 3:58pm
Dividend
Any expectations for a dividend increase next week? I'm hoping they'll increase it 10% ish, but I think it's gotta be at least 5%. I think they can afford that easily if they still expect the poultry plant to be adding 105 million EBITDA in the next couple years. I guess it depends on how much they plan to burn on the plant protein business. They've already spent a billion bucks on that segment (that's quite a bit of money for a company paying 70 million a year in dividend). I'd guess they spend 600+ million more before it turns a profit (including the two plant based factories they're setting up). I wouldn't be surprised if they get bought out because of their foothold in the US plant protein market and their reasonable enterprise value. Someone like Tyson could swoop in and scoop MFI at a decent price right now.... if one was inclined to do such a thing.
Comment by
oldinvestor64 on Feb 20, 2021 10:06am
I doubt MFI will increase the dividend this year. I am in the opinion, the co wants to invest further into growth . It's div at around 2.5 % is considred sufficient at today's low rate environment. All I hope, the Q is not a big dissapointment.