Student Transportation (STB) declares C$0.046/share monthly dividend, in line with previous. Forward yield 8.32%. The dividend will be payable on Apr. 15, May 15, and Jun. 17 to shareholders on record of Mar. 31, Apr. 30, and May 31. (PR)
Student Transportation (STB -3.8%) shares swoon after a note from Prescient Investment Group warns of a potential 70% price drop in the event of a dividend cut: "STB's financing scheme relies on raising increasing sums of capital from new shareholders and creditors to maintain its irrationally high dividend... in the absence of new capital, we believe STB's dividend would ultimately be cut."