RE:RE:December 2021 Cash Dividend
Tommy123 wrote: Great! I was hoping for an increase in the dividend, but I suspect we'll have to wait until 2022 with this Omicron variant causing uncertainty.
The closest period of dividend Increases has been 2 months back in 2015 then the div stayed flat till 2019 (but we have more assets than back then)
At the start of Covid we had a hike and a month later the cut back, twice in the recent history we have gotten the increase after 3 months and once after 4 months had passed. I would expect atleast 3 months pass before I'd be expecting an increase.
As we have discussed before, it seems they have about 2 cents per year currently they could increase (which is about 9% upside) as they are generating 6 cents per share distributable income. That allowance would seem like it will grow during the year as Mr. Mikes payments have not been 100%, they have 25% upside, Sutton has a 2% rate increase in July I believe and Nurse Next Door increases 2% in October.
Mr Mike's = 983 x .25 = 245.75
Sutton = 1054 x .02 = 21.08
Nurse Next Door = 1246 x .02 = 24.92
Expected increase of Revenue = 291.75 (thousands)
- It takes about 1.22 million of Distributable Income to generate a penny of Distributions per Share (as per the last quarterly).
- about 75% of Revenue is considered Distributable Income
Running those numbers I estimate those expected increases should work out to .18 of a penny or 3% upside in distributable cash as per current agreements which doesn't include organic buisness growth. Or we can look it as 12%+ of possible divided growth in 2022. Of course these numbers, are based on 100% Payout Ratio and last reported quarter we were at reported at 96% (this I don't fully understand as if we have 9% not being currently distributed as per managements release, we should be at 91% payout ratio, but I think I'm really splitting hairs at this point)
I think we can generate value per share model based on this info and create an expected share price range, but that's for anouther day...