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Corrections Corporation of America Message Board

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  • RetiredPaperman RetiredPaperman Aug 8, 1999 9:28 AM Flag

    badly broken

    Are you saying that PZN will "have to" increase
    the dividend soon because FFO will increase because
    of how they are handling the accounting of the fees?
    I understand that because of how they are handling
    the fees that Income (and ffo) will appear
    considerably higher than it otherwise would. However, I didn't
    think PZN was so close to "the 95% rule" that they
    would be Required to increase the dividend that
    soon.

    If I understand how this thing works, they would not
    be required to increase the dividend above the
    present $2.20 until income got to $2.32 per share, since
    $2.32*.95= $2.204. Do you really see them exceeding $2.32
    per share in EARNINGS soon?

 
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