Re: NPI offering - 10% discount??Rotair--I have no holdings
after reading the post today I thought I would take a look
Came across this from TDW research
High Dividend Payout Ratio Warrants Caution. Amid high capital expenditures expected until 2025/2026, we remain concerned about NPI’s dividend payout ratio of over 100%. In our view, the company reports inflated “free cash flow” numbers, as it makes significant adjustments for what it deems to be expansionary capital expenditures. With its payout ratio above 100% for many years, the company has been utilizing equity/debt capital to pay high dividends, and shows little indication of changing course given its continued addition of new projects.