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https://boards.fool.com/psn-on-toronto-exchange-76-div-30236118.aspx
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| Subject: PSN on toronto exchange, 7.6% div | Date: 8/31/2012 12:04 PM | |
| Author: blacktreechaser | Number: 34355 of 36597 | |
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Below is a quote from the article, and then a link to the article. "the company’s monthly dividend of $0.09 is bound to start attracting interest. It works out to an annual yield of 7.3%, which tops the average current junk bond yield of 6.7%. The yield is notably safer, too. Poseidon’s business is high margin and predictable. In fact, over 50% of the company’s fleet is under long-term contracts through 2012. But it only needs to rent out 25% of the fleet to fund the dividend payments. In terms of a dividend payout ratio, Poseidon checks-in at a conservative 50%" http://dailytradealert.com/2012/08/31/my-favorite-high-yield... |
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