GREY:CRIUF - Post by User
Comment by
ALeon89on Jan 16, 2019 9:10pm
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Post# 29243198
RE:RE:RE:RE:What really happened here was unpleasant
RE:RE:RE:RE:What really happened here was unpleasantFact of the matter is the annual distribution was not cut. There's a bump in the road in 2019 and timing has changed to quarterly but come 2020 we're back to $0.84/year. Anyone who thinks dividend will be cut post-Q1 is paid out in June is out to lunch. Q4 is the tightest quarter from a liquidity perspective and payout ratio will only be declining beginning in 1Q19. Not to mention we should have the solar EBITDA drag out by then as well. From what I hear, distribution changing to quarterly payout was to align with industry peers such as Just Energy. Recent sell off provides investors with a great entry point for an incredibly high yielding stock. Like some have commented on the board, you buy this name for the yield... personally, I could care less for the hiccup in 2019 when I'll be holding this for many, many years :)