Wonder how a company can pay a 15 cents divi when it only earns 4 cents?
they must borrowing money to pay the divi
in any case this business model of creating value by taking out a massive loan and hoping to reduce it over time while paying a good divi is flawed if you ask me.
That model is used by Macbank except they have used a long term debt instrument.
BNB had used short term debt in the form of margin loans to sustain the model up to yesterday
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