Post by
canadian on Feb 04, 2021 11:56am
More than 100% payout ratio
How is this able to afford More than 100% payout ratio?
Comment by
pandsca on Feb 04, 2021 1:31pm
Are you describing the Div? Here is the payout per share: Dividend yield: 9.41% Indicated annual dividend: 0.594 C Monthly Div is only 0.0495 CAD
Comment by
ariesleaf on Feb 05, 2021 12:46pm
Is a dividend cut coming.?
Comment by
pandsca on Feb 05, 2021 2:26pm
Not that I'm aware of. When the stock was below $5, there was no hint of a Div cut, so I expect with the SP on a slow (fairly steady) rise again, there probably won't be in the near future.
Comment by
yggdrasill on Feb 06, 2021 3:55pm
The ability to pay the dividend does not depend on the share price. However TNT generates $23M per quarter of Free Cash Flow, while the dividends costs them almost $17M per quarter. So they can float the dividend no problem. They are sitting on $32M in cash, and their properties are top notch.
Comment by
anthony3 on Feb 07, 2021 5:53pm
Well the dividend payout is bellow 75% if cash flows is 23 million and dividends paid per quarter is 17 million which is tax write offs anyway