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[sharechat] Contact - and dividends in general


From: "Peter Maiden" <pmaiden@xtra.co.nz>
Date: Sat, 24 Mar 2001 07:57:07 +1200


So S&P are concerned about the level of Contact's dividend, relative to profitability.
 
One question that has never been answered over years of debate is why do companies, not just Contact,  pay attractive dividends when they themselves carry large levels of debt.
 
In essence Contact have borrowed the $100M odd they paid out in dividends in December.
 
Doesn't make sense - but a problem that financial experts and economists have grappled with for years.
 
Sharechatters have any thoughts?
 
Cheers
 
Peter.
 
 
 
 
 
 
 
 
 
 
 
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