TSX:KEG.UN - Post by User
Comment by
TimeScapeon Apr 01, 2020 10:21am
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Post# 30867896
RE:RE:RE:Temporary dividend suspension coming soon
RE:RE:RE:Temporary dividend suspension coming soonHad a look at the last quarterly report and KEG.UN had just over $2 million cash. With a POR of about 100%, the March distribution of roughly $1.1 million would have used up maybe $600,000 of that, as the restaurants were closed about halfway through the month. Enough cash to keep a couple of cents a month going, but I expect they will just opt to keep the cash, and suspend it 100%. Then when they restart, it probably would be somewhat lower than the current rate until they see how the business looks.