Post by
Cheadle12 on Aug 18, 2022 2:22am
Weak dividend increase, should have been higher
could not even increase a full penny with the KKR deal.
.0075c, why did they not just make it a penny.
Pembina Pipelied.
Comment by
JayBanks on Aug 18, 2022 3:22am
Technically they haven't made this increase official yet, they just announced intension due to the transaction... I too am holding out hope that they will top out the extra quarter penny and make it a clean cent... but they likely look at it from a yearly bases and that 0.0075 does = a clean 9 cents for the year which is a 3.4% increase... still underwhelming...
Comment by
Divypro on Aug 18, 2022 10:21am
Dividend increase was small as they are using the excess funds from the deal to repurchase shares.