Friday, October 24, 2014 12:21:24 PM
Here's some recent equity research I found from analyst Daniel Earle.
With the ramp up of Escobal having exceeded nominal design rates, discussion re Tahoe has turned to the potential dividend, with questions as to its rate, timing and sustainability in the context of a recently-weak silver price
In Daniel Earle's view, it would be an incredible achievement for a single-mine company to institute a significant dividend in the first year of its commercial production – in fact, he cannot recall another example of this in recent history
As to the potential dividend, Ron Clayton, the company's President and COO, suggested at a conference this past September that a potential dividend of $0.04/mth (~2%) could be paid beginning in December or early 2015
The silver price has since declined a little over US$1/oz; however, Daniel Earle views the implied payout ratio as being feasible and broadly in keeping with that suggested previously by the company's CEO, Kevin McArthur
Daniel Earle's forecast production profile suggests that, with all things being equal, we should expect a flat dividend of $0.48/yr through 2016 and modest growth to $0.55/yr by 2018
Recent THO News
- THOR Industries Announces Regular Quarterly Dividend • GlobeNewswire Inc. • 03/26/2024 07:04:25 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 03/06/2024 11:33:31 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/06/2024 11:31:17 AM
- THOR Industries Announces Second Quarter Fiscal 2024 Results • GlobeNewswire Inc. • 03/06/2024 11:30:00 AM
- U.S. Stock Futures Gain Ahead of Economic Insights; Oil Prices Climb • IH Market News • 03/06/2024 11:02:03 AM
- THOR Industries Announces Date For Its Fiscal 2024 Second Quarter Earnings Release • GlobeNewswire Inc. • 02/22/2024 11:30:00 AM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/14/2024 09:10:32 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 02/05/2024 09:35:37 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/05/2024 11:31:13 AM
- THOR Industries, Inc. Names Jeffrey D. Lorenger to Its Board of Directors • GlobeNewswire Inc. • 02/05/2024 11:30:00 AM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 01/29/2024 09:50:49 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 01/25/2024 06:48:57 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/23/2024 09:21:29 PM
- THOR INDUSTRIES ANNOUNCES APPOINTMENT OF CHIEF HUMAN RESOURCES OFFICER • PR Newswire (US) • 01/23/2024 12:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/18/2024 10:24:21 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 01/08/2024 09:01:06 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/27/2023 09:12:14 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/22/2023 09:49:41 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/19/2023 09:07:54 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/15/2023 09:05:53 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/14/2023 05:26:01 PM
- THOR Industries Announces Regular Quarterly Dividend • GlobeNewswire Inc. • 12/14/2023 05:08:27 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 12/06/2023 09:24:56 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 12/06/2023 11:32:45 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/06/2023 11:31:20 AM
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM