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UIL Holdings Corporation Message Board

  • stokby stokby May 27, 2010 7:51 PM Flag

    Cramer is half wrong

    He is correct is saying not to buy the stock in the marketplace and wait for the offering. The price of the secondary will certainly be lower than the current price. He is either uninformed or wrong about the dividend. There is no evidence that profits will be adequate enough to continue the dividend much less increase it. For fiscal 2009 UIL earned $54 Million and paid out $48 Million (89%) in dividends. With all the new debt profits may not keep up and with all the new stock it will be a wonder if the dividend stays at current levels. I cannot imagine what Cramer is thinking on this one.

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