I note that Manitoba Telecom, a boring but profitable firm providing telecommunication services in Manitoba, released their quarterly results today with a dividend cut – from $2.60/share to $1.70/share, paid quarterly. With 65 million shares outstanding, this amounted to a reduction from $169M/year to $111M/year. Given its free cash flow, which is now estimated to … Continue reading Dividend payouts is not a reliable financial metric