30 cent would be sweet, but don't be disappointed if it's less.
True, the company spun off 94 cents of cash flow in Q3, so the old MIC could afford 30 cents in divies. But times are different now...
From the last q report, "Management believes that any distribution would be characterized as a dividend for tax purposes rather than as a return of capital."
I take that to mean that the new MIC will cap any dividend based on net income.
They earned 20 cents in Q3. My optimistic level is 25 cents in Q4.
But that's the cap, they may start smaller. This way the lenders can get used to the idea and - more important - there will be plenty of head room to increase the distro. So a rate as low as 10 cents would not surprise me.