Hi Ratman....the 8% is based on current prive levels. 8% x $3.15...

Hi Ratman....the 8% is based on current prive levels. 8% x $3.15 = 25.2 cents. That is 8 cents captial return and 2 dividends of an average of 8.5 cents each. This is based on a dividend payout figure of 70% of an EPS of 24 cents. The figures are conservative and with the fleet slowly but surely changing from $2.00 to $2.50....well...sheesh.. just multiply 6 Million trans a month x 12 months x 50 cents x 98% (2% drop in trans level)less 20% for bank branded wholesale rate =
$28 million I have not accounted for.