“Dividend Policy 2021: The Board of Directors intends to distribute an interim dividend, deducted from the net income of fiscal year 2021, of up to 15% of net income as of September 30, 2021, as shown on the consolidated financial statements of Enel Chile S.A. as of that date, to be paid in January 2022.
The Board of Directors also intends to propose to the Ordinary Shareholders’ Meeting, to be held during the first four months of 2022, the distribution of a definitive dividend equal to 50% of net income for the fiscal year 2021. The definitive dividend will correspond to the one determined by the Ordinary Shareholders’ Meeting to be held during the first four months of 2022.
D
Added a bunch at 2.82 thinking it was a super good risk vs. reward. Well.....so far, going even lower since I hit that button.. UGH Not good for longs - I don't know what is happening here- seems like a solid company? Holding...D
P
I received the dividend yesterday; they deducted tax at 20%; plus an agency fee of $0.01 per ADR held (which for a $3 ADR seems like a lot; the fee should instead be structured as a set percentage of value rather than a fixed ‘cents per ADR’ level)
Just thought people might find the information useful
More than double volume 6/28/'21 as many shifted allocations to the defensive finally. More will be arriving, a lot more. $ZROZ $VGLT $ISRG $AR $M1GU.SI $K2LU.SI $ENIC $SQM $GLOP
Bullish
J
Just curious to know if I'm the only one loading up on this with these sub$3 prices?
Also....am I reading it right that despite there being billions of outstanding shares, ONLY 400-500 Million in float!?! Seems to be a similar situation with ENIA. Just wondering if these share numbers are accurate?
Either way, I'm excited for this buying spree I'm going on ! Lol
A
This stock will pay what is worth it’s matter of time good company Covid still affecting Chile
A
Emerging markets and small cap have carried the day for a while. Interesting play.
Bullish
A
Stock down due political vote situation not company issues
F
Isn't the X-Div date today, Wed 5-19? I see posts below that imply it is Thursday 5-20? Is there something fundamentally wrong with this company, or is there somethign wrong with Chile? I have heard and read in the past that Chile was a very stable country, if not the most stable and advanced of all South America. Any replies to that would be welcome. I read that Chile does take 35% of that dividend before it goes to an American investor. That is a lot compared to Australia, Norway and even most of Europe.
A
Market sell off pressure and scare make the stocks in general panic one way fir this is stock is rebound high and high
P
ENIC is currently an interesting investment choice for a few reasons: — it is a Chilean electric utility, so safe choice in a stable low risk country with a relatively prosperous economy; the shares have an income orientation and carry a high dividend yield, something that is hard to find in the US at the moment — ENIC provides long exposure to the Chilean Peso (versus USD short, by definition), which is great to have in the portfolio at this particular moment given that Chile is a major global supplier of copper and lithium, both commodities that are highly in demand and experiencing a ‘supercycle’ currently — the USD short is also great place to be given the degree of monetized deficit spending in the US being supported by ultra easy monetary policy by the Fed
So, this stock provides multiple desirable investment attributes simultaneously, all in one neat little package
And the recent slide in the share price, as a knee jerk reaction to election results that are simplistically interpreted as being adverse to business, provides a discounted entry point for the investment!
What more can one ask for? :-)
C
Looks like a hell of a bargain with that dividend right around the corner. I loaded up as much as I could today. Good luck longs
Bullish
S
Does anyone have thoughts on what net margin and PE ratio could be reasonable 10 years from now?
T
Anyone know why ENIC is down 10% today? Looks like parent company ENEL is also way down.
A
What’s New?? Is Chile in recovery mode or still in Covid mode???
Y
Enel Chile is up 6.16% to 2.85
A
Great dividend despite the fee and taxes
C
Should we buy $3.90 ENIC stock now in order to collect the 6.6% ( 22-26 cents) dividend around May 19, 2021? Does anyone know how much the dividend is going to be? Thoughts.
C
ENIC 3M RSI IS 45. This is the utility of Chile. I am waiting for about $3.75 to buy in, depending on the RSI in the next few days. The forward dividend yield then will be juicy. Chile will rebound. 52% of Chileans are of European descent and IMO will cope with issues better than the rest of South America. 2/23/21
“Dividend Policy 2021:
The Board of Directors intends to distribute an interim dividend, deducted from the net income of fiscal year 2021, of up to 15% of net income as of September 30, 2021, as shown on the consolidated financial statements of Enel Chile S.A. as of that date, to be paid in January 2022.
The Board of Directors also intends to propose to the Ordinary Shareholders’ Meeting, to be held during the first four months of 2022, the distribution of a definitive dividend equal to 50% of net income for the fiscal year 2021. The definitive dividend will correspond to the one determined by the Ordinary Shareholders’ Meeting to be held during the first four months of 2022.
hit that button.. UGH Not good for longs - I don't know what is happening here- seems like a solid company? Holding...D
Just thought people might find the information useful
Also....am I reading it right that despite there being billions of outstanding shares, ONLY 400-500 Million in float!?! Seems to be a similar situation with ENIA. Just wondering if these share numbers are accurate?
Either way, I'm excited for this buying spree I'm going on ! Lol
— it is a Chilean electric utility, so safe choice in a stable low risk country with a relatively prosperous economy; the shares have an income orientation and carry a high dividend yield, something that is hard to find in the US at the moment
— ENIC provides long exposure to the Chilean Peso (versus USD short, by definition), which is great to have in the portfolio at this particular moment given that Chile is a major global supplier of copper and lithium, both commodities that are highly in demand and experiencing a ‘supercycle’ currently
— the USD short is also great place to be given the degree of monetized deficit spending in the US being supported by ultra easy monetary policy by the Fed
So, this stock provides multiple desirable investment attributes simultaneously, all in one neat little package
And the recent slide in the share price, as a knee jerk reaction to election results that are simplistically interpreted as being adverse to business, provides a discounted entry point for the investment!
What more can one ask for? :-)