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To: briskit who wrote (27548)8/13/2000 3:43:22 PM
From: edward miller  Read Replies (1) | Respond to of 42787
 
The 10% (monthly) is a mis-statement IMO. I have some
of HGT. They pay a monthly cash dividend which works
out to be about a 10% dividend, on an annual basis.

The last payment was just over $0.10, and it increases
every month, and will for a long time. The stock is
selling around $12. Therefore a minimum of $1.20 in
cash payout in the next year is 10% of the current price.

I expect it to pay at least $1.50 in the next year. The
payout does not spike with the NG futures because they
deliver on long-term contracts or hedge because they are
still getting less than $3 compared to the futures being
over $4. The good news is that their contract sales will
keep moving up towards the futures prices.