billy, cnp's distributable income per security (i.e. dividend)...

billy, cnp's distributable income per security (i.e. dividend) actually rose to 22c for the 1st half. which means that if cnp refinanced today with no new equity, they could pay a dividend of about 40c for the full year which means cnp is basically trading on a 100% dividend yield.

nta is a balance sheet item that doesn't reflect the fact that despite the writedowns cnp is pulling the revenues in and has plenty of income to distribute to shareholders.