Interups Inc (ITUP)

[RealDutch]

I would say $0.25 quarterly dividend for the remainder of 2024 is what we should expect.

5 active verticals. I don't expect the other 4 to join soon. Perhaps Oil Palm is supposed to be vertical 6, or, it could join the Rice vertical. Even if it is a separate vertical, it won't add much in dividends because it takes at least 4 years for the trees to grow and generate cash flow. Same applies to coconut and the Aqua RAS farm which will take 2-3 years to build.

Here is another thing. We are targeting $100 billion assets under management by 2025. Rule of thumb you can use for this is that the companies will then also be worth $100 billion. Let's be conservative and take half of that. $50 billion by 2025. Divided by 9 verticals gives $5.5 billion or a $55 share price on average per vertical. And if we get a premium for being high growth then we are looking at $100. So it is easy to see that the dividends won't be able to keep up. But at $100 I doubt that anyone will care about dividends.