RE:Great Day
ReitsRus wrote: The majority of the sector was on Fire today, DIV AD.UN, AQN, SGR just to name a few and how about AD.UN hitting it out of the park and a nice Dividend increase too, thought the 5% increase for DIV was kinda of low but an increase is an increase.
I agree, I'm not overly impressed/happy until they get to 24 cents, and I feel they could have done it now. As the outlook is good. Taking away 3.5 cents and giving back a penny shouldn't excite people. I purchased post reduction, so I'm not complaining about the reduction, just that I feel we are strong enough that the shareholders can collect now as we should easily grow into the 100% payout. (the payout ratio at 24 cents would be about 113% today by my quick mental maths).
I'm pleased to be getting an increase make no mistake, just in my investment expectation we can be higher and still be comfortable, but as others say they have opened the door with the statements to continued growth. Maybe we will see 1 cent (+.0025) every 3 months (@ result releases) until we reach an appropriate equilibrium.
Tommy mentioned reference towards hinting a new aquisition, I read through the result release several times and did not see that, can you point it out? Or are you continuing to reference at the AGM they illuded to it? I might be misunderstanding your statement on that, just the way I read things it sounds like beyond the AGM they referenced a possible new acquisition, rather than "also at the AGM" they referenced...
All in all, happy with the outlook, just wanted a bigger quicker shareholder return and I don't think it was an expectation too big.