Q: Is there any reason that would drive TOU to increase the regular dividend but lower the special dividend? Over all, the impact is the same but there must be a driving reason behind this decision?
At what price do you think TOU gets attractive to add to a position?
At what price do you think TOU gets attractive to add to a position?
5i Research Answer:
It is hard to pinpoint exactly. Natural gas is up 24% this year, and management likely is simply more confident in a higher regular dividend. Investors do tend to pay more for 'regular' dividends as they are far less likely to be changed.