Q: Can you explain why there is some expectation of a dividend cut at Corus? Is it possible that the company is very undervalued? They seem to have plenty of cash flow and the dividend is well covered, according to figures on TD's site, and your answer in Oct/17:
"Looking at nine month numbers (most recent financials), operating cash flow was $311M, and $78.6M in dividends were paid, for a ratio of 25.3%. If one includes working capital changes in the cash flow figure (we would generally exclude this due to the short term and timing nature of working capital items), the ratio changes to 37%."
"Looking at nine month numbers (most recent financials), operating cash flow was $311M, and $78.6M in dividends were paid, for a ratio of 25.3%. If one includes working capital changes in the cash flow figure (we would generally exclude this due to the short term and timing nature of working capital items), the ratio changes to 37%."