Post by
nightCruise on Nov 12, 2021 12:58am
Q3 earnings
Excellent results considering Ont and Que only started lifting indoor dining restrictions on SIR restaurants in Sept 22 and Sept 1 respectively, and that outdoor patios were just opened starting in June and kept so throughout Q3!
And of course distributions were covered at a 94.5% payout ratio, but they increased the div right at the end of quarter to .09 on distributable cash of .24. Hopefully with the capacity limits raised for Q4 in Sept with vax certs they can cover the future .27 required.
Comment by
wildrunner11 on Nov 12, 2021 7:14am
True but with the return in dividend payment also supposed to include dividend not receive in the prior year? So, the result this quarter covered all the dividend payments. I understood their would be a 0.04 ish / month dividend for 12 months to cover last year?
Comment by
flamingogold on Nov 12, 2021 10:29am
Expect a blowout Holiday quarter and even winter 2022 results will be monumental compared to 2021 when indoor was completely shuttered.