TSX:SRV.UN - Post by User
Post by
maplakon Mar 29, 2024 7:20am
103 Views
Post# 35959867
Well
Well let me comment on this one since out of his 3 picks I own FCD.UN for while in 3 accounts. I am down in all three $ 3240 while collecting $ 1100 in dividends a year from all of them. So in my terminology I call FCD underdog. Let's say if share price stays where it is it will take me 3 years of collecting dividends to break even. So what is the point of dividend income then?
Now this reit is struggling but on the way to recovery. During the covid time share holders experienced a massive share dilution. You can't trust management. The management is fixing and upgrading property and increasing the rents. Last quarter pay out ratio was 110% if not mistaken now is about 100%. They just restructured some debt. Interest rates drop will help them going forward so I would upgrade them from underdog to a dog. Will holdem for high dividend but my goal is to grow the capital as well. Dividend % is not always decisive for me . For example I own US reit SPG in two accounts up 22 % in one 66% in the other one , while collecting the average dividend of 5-6 % since they have a good record of increasing it. Plus I own a lot of similar stocks.
My dividend portfolio is growing and it hit all time high excluding dividends. My personal policy is not to use dividends to subsidize my portfolio growth. I don't reinvest my dividend I take them out and spend all of it since I am retired. I have done my saving prior to my retirement. Enough is enough.