09-25-2019, 01:07 PM
The bigger issue than div to EPS is the cash flow payout ratio. Last I checked it was significantly over 100%, maybe around 125%, for the first half of this year. That is obviously not sustainable, and while for a short term it will be ok, they have to turn it around sooner rather than later. I wouldn't be surprised to see a large dividend cut coming in the next few years. (and I do not consider that a bad thing, sometimes the company needs to focus on things other than the dividend)