08-06-2020, 07:00 AM
GEO going from $0.48 to $0.34 quarterly. (around -30%)
Definitely an expected move, I was personally expecting -50%. If they can actually start paying down debt (which they stated they will) with this new dividend policy then I think it's a positive step. It's still yielding around 12% with the new dividend.
Definitely an expected move, I was personally expecting -50%. If they can actually start paying down debt (which they stated they will) with this new dividend policy then I think it's a positive step. It's still yielding around 12% with the new dividend.