Q: Hi Peter and Team, is the following correct regarding MND;
Mandalay Resources Corp MND:TSX
A quarterly dividend of $0.77 CAD per share was announced on May 14, 2013 with an ex-dividend date of May 22, 2013 and a pay date on May 31, 2013. The annual dividend for Mandalay Resources Corp is $3.08 CAD per share.
If this is correct, .256666 cents CDN per share monthly, then why is the stock trading at such a discount, at .86 cents? I don't get it, is it an error or have I misunderstood something? Thanks!
Mandalay Resources Corp MND:TSX
A quarterly dividend of $0.77 CAD per share was announced on May 14, 2013 with an ex-dividend date of May 22, 2013 and a pay date on May 31, 2013. The annual dividend for Mandalay Resources Corp is $3.08 CAD per share.
If this is correct, .256666 cents CDN per share monthly, then why is the stock trading at such a discount, at .86 cents? I don't get it, is it an error or have I misunderstood something? Thanks!