Q: Hi Guys.
I have owned High Liner for quite a while and am fine waiting through their hopefully successful turnaround. With the earnings report today I thought the stock would fall but it is up 3 % today. I saw this statement in the earnings release and it seems to suggest the dividend will be cut:
Dividend & Capital Structure
"Today, the Board of Directors of the Company approved a quarterly dividend of CAD$0.145 per share on the Company's common shares payable on March 15, 2019 to holders of record on March 1, 2019. The Board is continuing to review the Company's capital structure to determine the prudent use of capital and will provide an update when the Company reports its financial results for the first quarter of 2019 in May."
What do you think people saw positive in the earning release? Any idea of what the dividend payout ratio is, and whether it is safe?
Love your service
Stuart
I have owned High Liner for quite a while and am fine waiting through their hopefully successful turnaround. With the earnings report today I thought the stock would fall but it is up 3 % today. I saw this statement in the earnings release and it seems to suggest the dividend will be cut:
Dividend & Capital Structure
"Today, the Board of Directors of the Company approved a quarterly dividend of CAD$0.145 per share on the Company's common shares payable on March 15, 2019 to holders of record on March 1, 2019. The Board is continuing to review the Company's capital structure to determine the prudent use of capital and will provide an update when the Company reports its financial results for the first quarter of 2019 in May."
What do you think people saw positive in the earning release? Any idea of what the dividend payout ratio is, and whether it is safe?
Love your service
Stuart