Q: Hi Peter & Team,
Can you explain what this means. I have HNL stocks that I have held for a few years?
There is a $50MM equity offering for Horizon North Logistics this morning priced at $3.75/sh. Proceeds to reduce indebtedness leading into an increased capital expenditure program of $30MM that the company announced today. Based on the price of the offering, this represents a 9% dividend yield.
Thank you for your great service.
Colette
Can you explain what this means. I have HNL stocks that I have held for a few years?
There is a $50MM equity offering for Horizon North Logistics this morning priced at $3.75/sh. Proceeds to reduce indebtedness leading into an increased capital expenditure program of $30MM that the company announced today. Based on the price of the offering, this represents a 9% dividend yield.
Thank you for your great service.
Colette