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Reynolds American Inc. Message Board

  • slim_niceguy slim_niceguy Apr 26, 2003 12:58 AM Flag

    But it can't go any lower!

    Oh but yes, it certainly can. A mere perusal of the chart from the fall of 2000 through the first quarter of 2001 speaks volumes. Based on the dividend at that time of $3.20 we'd have to drop all the way down to 21 or so to equal those lows. Big difference this time is there isn't any prospect of a dividend INCREASE
    like there was in 2001. Hell, they won't even cover the dividend from operations.

 
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