Post by
CanSiamCyp on Oct 30, 2023 8:47pm
Also puzzled ....
.... Penny .... as to why TA did not announce an increase in the dividend ... especially considering that in Nov./22 they announced a 10% increase and proudly stated that it was their fourth consecutive annual increase.
So why stop this year, and why announce the dividend ahead of the quarterly report ... unlike the previous year?
1) Are the upcoming financials so bad that they won't be able to increase the dividend? If so, why not wait until the quarterly report is presented in a few days ... present the bad news ... and swallow the lumps? Puzzling!
2) Is Brookfield going to make a move on TA and so the Board (on which there are 2 Brookfield reps I believe) decided to keep the dividend intact ... cuz they want to avoid any share price rise ... which would necessitate a higher stink-bid take-over bid from Brookfield? Plausible?
Cheers!
Comment by
pennydredful on Nov 02, 2023 2:33pm
It would seem the new cash pending acquisition precluded them from increasing the dividend at least in the short term.
Comment by
rustyblades on Nov 04, 2023 4:37pm
I think you're correct. The acquisition was probably also why they announced the dividend early ahead of the news release on the acquisition. Still time for an increase a quarter or two down the road once things settle down.