Replies to post #799 on insane dividends

[pineyhill]

Is JE one of those type companies that part of the dividend won't be received because it is taken as a tax by the Canadian govt.??

[diannedawn]

Thanks for the tip!

I don't have a 1/2 Mil to invest right now...
but hey, ya got to start somewhere
:)

I like that they put this out:
http://www.dividendchannel.com/quotes/?a=news&ticker=a&w=&story=2012070806233001.html
"As regards dividends, the Company's policy is clear. With the announcement of the Trust Tax in October 2006, it was perceived that all former Income Trusts must reduce their level of distribution to offset the incremental taxation at the corporate level. Since that date, investors have asked whether the then level of distribution could be sustained following the tax. At the time, Just Energy stated that its projected level of growth would allow it to sustain its distribution as a dividend following conversion and the growth seen over the period has allowed the Company to do so. As regards fiscal 2013, given the published growth forecast and results to date, management can confirm that there is no need to reduce the dividend within the Company's planning period. Accordingly, Just Energy reaffirms its $1.24 dividend."