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PDER - Pardee Resources


ScottHall

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Pardee Resources Company: Special Dividend

7:40 pm ET December 17, 2020 (PR Newswire) Print

Pardee Resources Company (OTC: PDER) (the "Company") announced today that its Board of Directors has declared a special year-end dividend of $4.00 per share payable on December 24, 2020 to shareholders of record on December 18, 2020. This special dividend will be in addition to the Company's regular quarterly dividends.

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2020

Revenues: $31.7 mil

Operating Expenses: $22.2 mil

Gross income from operations: $9.5 mil

G&A: $6.2 mil

Operating Income: $3.3 mil

 

Pardee Resources is basically a royalty company. Why are operating expenses 70% of revenue? Why is G&A $6.2 million or 65% of gross income from operations?

 

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1 hour ago, IceCreamMan said:

2020

Revenues: $31.7 mil

Operating Expenses: $22.2 mil

Gross income from operations: $9.5 mil

G&A: $6.2 mil

Operating Income: $3.3 mil

 

Pardee Resources is basically a royalty company. Why are operating expenses 70% of revenue? Why is G&A $6.2 million or 65% of gross income from operations?

 

All the cousins get to be a vice president.

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