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$The GEO Group Inc (GEO.US)$Why haven't dividends been paid ...

$The GEO Group Inc (GEO.US)$Why haven't dividends been paid since January?
Is its dividend very high? Does anyone know?
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  • QMengColdJoke : Because their credit ratings have been downgraded to CCC, not many people want to give them loans. Previously, they were prepared to cancel the REIT attribute (mandatory dividend payment of 90% profit), save money first, so that the debt can be paid off. Earlier, when Burry ran out, they announced an additional agreement to issue (in fact, the bears were in a hurry to buy it out). The amount of additional payments just happened to have been taken out by the Air Force, and it was also possible to pay off almost two years of debt. In other words, the company wouldn't go bankrupt, but it wouldn't be a gme. Actually, the best result was that the short side took a profit, the company issued additional payments to pay off the debt, and then maintained its REIT status. However, if the bears die, they will not repent. If the increase is insufficient, it depends on the financial budget. If there's nothing you can do about it, you still have to cancel it, then the reit fund will close, and the stock price will collapse. Also, pay more taxes.
    In other words, this stock doesn't have any short-term upsides. However, after solving this chain, the future is bright. I hope the DWAC players will come too.

  • QMengColdJoke : If you don't reit, you won't pay any dividends. Let's go down 10% first. A strong man's arm is broken.

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