Ann: 407 ETR Delivers Distributions plus Surplus , page-7

  1. 293 Posts.
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    re: Ann: 407 ETR Delivers Distributions plus ... According to their last two announcements the dividend comes out of free cash flow, i.e, after paying the interest debt payment.

    The share price has nor rallied because the stock is trading ex dividend.

    The scandal is they make a statement of the 21 June that they will pay a 1 cent dividend and on the 28 june they add 9.3 cents, all with the same record date, 26 june. In other words, they are paying a restrospective dividend of 9,3 cents.

    To me it is misleading the market.
 
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