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Canadian Investing / Canada (General)
|Subject: Re: Pengrowth Opinions||Date: 9/13/2012 5:40 PM|
|Author: tim443||Number: 63027 of 64063|
My reading of the Pengrowth financials say that a dividend cut is coming soon and that will make the price crash or the cut has been priced in already.I was nailed when Perpetual cut and am still more than fifty percent underwater.
Pengrowth already had a recent dividend cut, payout for Jul and Aug was just 4 cents versus 7 cents in the previous months?
Current yield a reasonable 6.92%.
I don't follow it but frankly methinks it is a bit late to be thinking about selling this fellow?
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