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Strategies & Market Trends : Dividend investing for retirement

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To: E_K_S who wrote (14101)2/28/2013 9:54:07 PM
From: Steve Felix  Read Replies (1) of 34328
 
AT
7:27 PM Atlantic Power ( AT) expects pay out ratio of approx. 65% to 75% in FY13 and 75% to 85% in FY14. The company plans to reduce monthly dividend by C$0.033/share. Shares -14.7% AH.

AT
7:19 PM Atlantic Power ( AT): Q4 EPS of -$0.50 misses by $0.47. Project Revenue of $113.9M. Shares -11.7% AH.

As a result of this review, the Board, with management's recommendation, has unanimously approved a reduction in the annual dividend level to Cdn$0.40 per share, or Cdn$0.03333 per share on a monthly basis. The new dividend level will commence with the March 2013 dividend to shareholders of record on March 28, 2013. Shareholders of record as of that date will receive a dividend of Cdn$0.03333 per share on April 30, 2013. The February 2013 dividend of Cdn$0.09583, declared on February 15, 2013, will be paid on March 28, 2013 to shareholders of record on February 28, 2013.
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