Originally Posted by
SARF
4.5 p a quarter.
Over 6 per cent yield
It's not sustainable.
Originally Posted by
SARF
There is nothing wrong with selling assets for a profit and returning money to the shareholders via a dividend.
When this happens, it's generally in the form of a one off "special dividend". That's not what Stobart are doing. They've sold off assets to prop up a dividend which is not covered by earnings. The honest thing to have done would be to keep the money in the business and make clear it's there to support development of their aviation business.
Originally Posted by
SARF
If they sold the airport tomorrow for a billion and returned 3 quid to the share holders and the share price went to 52p. The shareholders would still be happy
A billion! Dream on...... You are aware that Stobart don't actually own the leasehold to SEN, aren't you?