...reduction to its monthly dividend by 48.7% to $0.0325 per share from $0.0633 per share. On an annualized basis, the new dividend rate is $0.39 per share down from $0.76 per share.
Dividend and distribution cuts (2016)
Re: Dividend and distribution cuts (2016)
Bird Construction Inc. (TSX:BDT) Announces 2016 Third Quarter Results and Reduction in Dividend Effective January 31, 2017
Last edited by kjmcrae on 10 Nov 2016 07:39, edited 1 time in total.
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- Veteran Contributor
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- Joined: 13 Sep 2007 22:52
Re: Dividend and distribution cuts (2016)
Wow
Sold the Bird almost exactly a year ago today, at 13.65. Lucky break.
Sold the Bird almost exactly a year ago today, at 13.65. Lucky break.
Re: Dividend and distribution cuts (2016)
I may as well chime in here for the sake of honesty... I still own BDT and was quite unpleasantly surprised yesterday evening with this anouncement. Fortunately it represents less than 1% of total assets...
"The term is over: the holidays have begun. The dream is ended: this is the morning."-C.S.Lewis, The Last Battle
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- Contributor
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Re: Dividend and distribution cuts (2016)
I own BDT as well. After today's cut my holding makes up 1.29% of equity holdings. Likely won't be adding in the near future.
Cheers
Cheers
Re: Dividend and distribution cuts (2016)
The thing with Bird is that it was inevitable. Glad to hear at least one of you got out of this turd before the long term economics came home to roost. My posts from years back as to why this stock and others like it are to be avoided in all but special situations linked here.I wish someone had provided clarity during all the times I tried something that later wound up inflicting pain on my wallet.
http://www.financialwisdomforum.org/for ... 25#p499045
http://www.financialwisdomforum.org/for ... 25#p499045
Show me the incentive and I will show you the outcome
--Charlie Munger
--Charlie Munger
Re: Dividend and distribution cuts (2016)
DH Corporation (TSX:DH) Announces Reallocation of Capital and Reduction in Dividend to Further its Transformation as a Leading Fintech Company
...its Board of Directors has determined to reduce the quarterly dividend from $0.32 per share to $0.12 per share, effective January 1, 2017...
Re: Dividend and distribution cuts (2016)
Bounced 7 1/2% on the news. Suddenly it is a much more viable p.o.s. leading fintech companykjmcrae wrote:DH Corporation (TSX:DH) Announces Reallocation of Capital and Reduction in Dividend to Further its Transformation as a Leading Fintech Company...its Board of Directors has determined to reduce the quarterly dividend from $0.32 per share to $0.12 per share, effective January 1, 2017...
"A dividend is a dictate of management. A capital gain is a whim of the market."