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BTB Real Estate Investment Trust T.BTB.DB.G

Alternate Symbol(s):  T.BTB.DB.H | T.BTB.UN | BTBIF

BTB Real Estate Investment Trust (the Trust) is a Canada-based real estate investment trust (REIT). The Trust’s primary objective is to maximize total return to unitholders, to generate stable monthly cash distributions that are reliable and fiscally beneficial to unitholders, to grow the Trust’s assets through internal growth and accretive acquisitions, and optimize the value of its assets through dynamic management of its properties to maximize their long-term value. The Trust invests in industrial, off-downtown core office and necessity-based commercial properties across Canada for the benefit of its investors. The Trust owns and manages approximately 75 properties, representing a total leasable area of approximately 6.1 million square feet. The Trust operates through three segments, which include Industrial, Off downtown core office and Necessity-based retail. The Trust’s operations are located in the provinces of Quebec, Ontario, Alberta and Saskatchewan.


TSX:BTB.DB.G - Post by User

Comment by BG20on Feb 04, 2013 10:45pm
310 Views
Post# 20937616

RE: RE: Last day for this dividend

RE: RE: Last day for this dividend

Cecilhenry:

I can answer your first question. You only need to own the stock for one day per month, but it must be the right day ... which is the day before it goes ex-dividend. For last month, if you bought or owned the stock on Jan 28, you get the dividend in February. 

 

Yes, you can sell the shares on the ex-div date, eg. Jan 29th, and still get the dividend. But you will usually see that the market discounts the share price for being ex-div, but that varies.

 

BTB usually declares the monthly dividend on the 15th of the month, and the record date is the last day of the month. So you need to buy it 3 trading days before then.

 

If you receive dividends in shares via their DRIP, the shares will arrive a few days after the 15th. And you will have a few BTB shares in your account.

 

Some people may buy for the dividend and sell. Others may play it exactly the opposite and sell if the stock is moving up on the day before ex-div day ... then buy back in at a lower price. Personally, I find BTB pretty steady so have simply held my shares.

Cheers, BG

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