Come on people..buy this dividend stock!! Put some of your arvida money on here!
Have been buying since April. Then sp dropped so had to buy another 150,000 in the 3.98 to 4.20 to get my av price down. Quiet hard buying under $4. It went under $4 on only 5 different days in June and out of those 5 days it closed below $4 on only 2 days and the other 3 days it closed above $4. So hopefully 4.50 here we come
I'm not a holder of Spark, but have a question for my learning. How can a company pay out more in dividends than they earn? I can understand if this would be a one-off, but not as a regular practice.
I'm not a holder of Spark, but have a question for my learning. How can a company pay out more in dividends than they earn? I can understand if this would be a one-off, but not as a regular practice.
Just to open the debate as I have only taken 5 minutes to quickly look at the financial statements so take what I say with a grain of salt.
The Operating cashflow for Spark has been roughly $800mill for the last four years or .43 cents a share (I understand they may have been buying back shares which would improve per share earnings, buybacks should be made illegal again, if there is excess funds and nothing better to invest in pay out a bigger dividend) at 1,845 mill shares and dividends have been .27cents per share.
Reported earnings include depreciation and amortisation of roughly $500mill which is a noncash expense.
That is my guess but Snoopy and others will have a better idea. This might be too simplistic and does not take into account movements on the Balance Sheet.
Sometimes I find the cashflow statement more enlightening than the Statement of Profit & Loss.
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Originally Posted by X-men
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