How did you get 15 million on interest, I couldn't find their interest rate. I saw the long term debt 2016 was 219 million and their due debt was only 8.6 million so I'm surprised at the 15 million you found. If it is 15 million the after tax cost of debt will be 11.5 million.
They have 274 million in shareholders equity so if needed they have more then enough to pay that dividend. I'd like them to use some of the equity now to buy back all of the 31.9 million on market shares they are chasing.
Just remember the company is returning money to shareholders through a divedend or the on market buy back, so we may see the dividend down if they continue to buy back shares which I think is the best move for the long term.
CSV Price at posting:
75.0¢ Sentiment: Buy Disclosure: Held
