TSX:BTB.DB.G - Post by User
Comment by
apollojeticon Aug 14, 2021 2:28pm
241 Views
Post# 33706360
RE:Added today @$4.10
RE:Added today @$4.10That's a tough question.
For an income stock the key is a steady payout that doesn't get reduced. This was reduced about 30% last year.
So what a long term income investor wants is predictable, reliable income. The distribution may not go up and that's fine, but when it gets cut that gets your attention very quickly if you rely on income. And after the cut it's still yielding almost 7.3%. Not exactly a vote of confidence from the market. Higher yield. Higher risk. We've all learned that at one point.
Fortunately I am well diversified in many reits, bonds ect but if you put a lot into BTB.UN it can affect your retirement. Imagine having your CPP or OAS cut by 30%.
An investor who is new to BTB.UN will see it much more differently than an investor who has held it for several years.
I view the distribution as quite safe but the market is still a bit nervous after the cut last year and an ongoing pandemic.