CEU’s Board of Directors has decided to reduce the dividend by 35% to $0.216/share annually. The new dividend represents a yield of 5.2%
with a 2016e payout ratio of 58%. In conjunction with the dividend cut, CEU announced the tuck-in acquisition of a Canadian production chemicals company called Sialco. Terms of the transaction were not disclosed. We are estimating the transaction price at C$20 mm with annual EBITDAS contribution of $2 mm.
11 Dec 2015
Reduces Dividend 35% and Executes Production Chemicals Tuck-In Acquisition
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Reduces Dividend 35% and Executes Production Chemicals Tuck-In Acquisition
CES Energy Solutions Corp (CEU:TSE) | 0 0 0.0%
- Published:
11 Dec 2015 -
Author:
Ian B. Gillies -
Pages:
5
CEU’s Board of Directors has decided to reduce the dividend by 35% to $0.216/share annually. The new dividend represents a yield of 5.2%
with a 2016e payout ratio of 58%. In conjunction with the dividend cut, CEU announced the tuck-in acquisition of a Canadian production chemicals company called Sialco. Terms of the transaction were not disclosed. We are estimating the transaction price at C$20 mm with annual EBITDAS contribution of $2 mm.