Peyto Exploration & Development Corp T.PEY

Did No One Notice Dividend Went from .05 to .11 a Month

[DeanEdmonton]

Or did I just not read far enough back on here. All I am seeing is discussion of if there will be a dividend increase and not much hoopla that we now have nearly a 10% yield.

[rocket800]

Old news, go back to being of Nov.

[DeanEdmonton]

Rocket - I know it is old news. That was what made me wonder about all this talk about increasing dividends.

[John14v3]

I don't think it's possible to analyze a dividend increase more than this board has...it's possible the board may have squeezed another bi-weekly divi out by talking about it, check your accounts. My original thought was just wait until the finically websites starting picking up on this divi increase. It will start to get more and more visibility. God bless you all!  

[joe0301]

This post has been removed in accordance with Community Policy

[gold_diggers1]

With NG price tanking, has PEY's BOD overlooked and hence increased dividend payout prematruely to $0.11/month ($1.32/year) ?  i.e. is it sustainable?  The market seems to think Not Sustainable with the current NG price?! . GLTA

[stockmarket1]

As I write this the price of Nat Gas is below $3 !! Like you, I'm beginning to wonder if PEY pulled the trigger too early with the hefty monthly dividend increase. Geez, I dunno. 

[houbahop]

Thanks to the stupidity of natural gas producers having increasing their production as top priority, we will see natgas price trade below $2 in a couple of weeks. Killing the golden goose with such motivation is so nice to see! This is probably one of the reason, big money will remain shy in its exposure to this industry. I wonder how the dividends seekers will react to the incoming situation. I

[stockmarket1]

Last time on BNN market call, Ross Healy had PEY as his top pick. Curious if he still holds it now with Nat Gas tanking?