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Strategies & Market Trends : Dividend investing for retirement

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To: Area51 who wrote (34221)	2/4/2023 12:20:11 AM
From: Steve Felix	1 Recommendation Recommended By Area51 Read Replies (1) of 34328

Haven't held for a good while. Thought the writing was on the wall when they said they were buying a bank to become a financial holding company instead of a BDC. No idea where the price will go. D surprised me by pretty well holding up for two years after their cut. Seems their current selling point is they can go from 2/1 leverage to 10/1. Showing an expected 43% dividend raise the second year, then saying this in a conference 1/17, seems a little ridiculous. "Slide #18. NewtekOne forecasts a consolidated income statement, a lot of interesting information here. We're currently estimating a 28% marginal tax rate. Once again, focus on the earnings per share, up $1.70 to $2 year 1, $2.80 to $3.20 year 2. There's an estimate of the dividend. Once again, very to be clear. This is not declared. I wouldn't even say it's forecasted. It is a plug number. Depending upon where the stock is, the Board will look at getting together and figuring out the exact dividend policy and [ declarations ] going forward for the financial holding company."

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