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CVA dividend and HMS pricing +3

13:29 29-Nov-16


A subscriber just asked about when Covanta's next dividend will be declared.

It should be declared next week, and paid very close to year-end, though the declaration for last quarter was somewhat later than usual.  I think the announcement could be a small catalyst for the stock, as there has been some (unfounded, in my opinion) speculation that the dividend could be cut.

Additionally, HMS #1 prices for scrap metal have been unexpectedly on the rise, nearing $300 in recent days.  Pricing like that should mean a small bump in operating results, particularly if the trend persists.  Covanta doesn't report again until mid-February, and I'm waiting to see the impact of some accounting changes, which should be available by then.  However, CVA has potential to take over as my top choice in the new year.