"This leads to a dividend payout ratio of 120%"
Been paying attention to AT. A few snippets from their latest transcript:
"Based on actual performance to-date and projections for the remainder of the year, we continue to expect distributions from our projects in the range of $250 million to $265 million for the full year 2012. We also reaffirm our 2012 payout ratio guidance range of 90% to 97%, subject to financial performance of the projects"
_____________________________________________
Question section:
" Let’s say, if they end up sort of offsetting each other just for fun and the payout ratio ends up being something close to 100%, but affordable, is that the kind of payout, is that an appropriate payout policy I, guess. And just sort of philosophically I’m asking now, not asking you to comment on what your payout ratio is going to be in 2014 or whatever, but philosophically, what’s an appropriate payout? Barry Welch
Well, certainly as a general sort of comment, we’d like to have a long-term model that doesn’t find us at a 100% kind of a level. It’s just not a – it’s not a comfortable place where we prefer to be, and so we’d like to imaging that we’re managing that as you sort of put it a combination of factors that impacts what’s going with Eastern Portfolio plus the impacts of the new acquisitions. So that we’d be over time, not at that kind of a level that wouldn’t be our target." |
