0169-Distributable-Funds-Dividend-Policy
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Details
| Name | Distributable Funds Dividend Policy |
|---|---|
| Number | 0169 |
| Sponsor | Finance Department, Corporate Services Division |
| Description | The City of Medicine Hat expects a fair and reasonable return from its investment in business units, including rate-based utilities, COMCO, and real estate. The distributable funds/dividend policy establishes a balance between two objectives: 1. Long-term sustainability of business units by reinvestment of earnings into sustaining capital, maintenance of existing equipment, and debt service, as well as financial reserves (operating and capital) to fund future growth capital while continuing to optimize appropriate debt-to-equity levels for business units and the organization. 2. Return a reasonable amount of earnings to the city taxpayers towards financial reserves (endowment), as well as a direct municipal dividend to the enterprise owner. |
| View Document | 0169 Distributable Funds Dividend Policy |
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