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Re: avocado post# 46358

Monday, 06/17/2019 12:57:34 PM

Monday, June 17, 2019 12:57:34 PM

Post# of 54412
I think it would as it would give a vote of confidence to the company. But I'm not sure they can with how lumpy their business is.

I assume you mean 8 cents per year, not per quarter. 8 cents per quarter is $2.4 million per year and an 11% dividend ratio. They have only made an average of $700,000 in net income per year the last two years. 8 cents per year isn't even sustainable at that rate. All they could probably afford is 4 cents per year, which probably won't give the vote of confidence we'd be looking for.
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