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Gold/Mining/Energy : Noranda (TSE;NOR)
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To: Goldbug Guru who wrote (119)12/30/1998 12:27:00 PM
From: Luc N.  Read Replies (1) of 197
 
I am taking a look at Noranda. It is now paying 80 cents dividend per share which at its existing price of 15.55 gives a yield of about 5.21%.

What is the probability that Noranda will be able to keep paying out this type of dividend in the future? Last quarter results were very bad and I don't see how they can keep this dividend up if they are not producing the profits?

ANy thoughts?
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