I was having a conversation with a friend this evening and he asked whether a 6c dividend per share is sustainable and I remember I replied to a similar question on my FB wall not too long ago. So, for those who do not follow me on FB, here it is:
"One of the assumptions I had when buying into NeraTel was a sustainable dividend payout of 4c per share. So, when I got in at 42c to 63c, I was looking at a yield of 6.3% to 9.5%. At 68c, when I added to my position, the yield was 5.88%. Even at 73c, the yield was 5.48%......