TSX:NWH.DB.G - Post by User
Comment by
Capharnaumon May 30, 2021 11:17pm
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Post# 33294912
RE:RE:RE:No distribution raise in 9 years?
RE:RE:RE:No distribution raise in 9 years?The CEO doesn't have a base salary or share plan. He also owns for 27.3M shares. He does participate in management performance bonus program from which he received money in 2019 (but didn't receive anything in 2017 and 2018).
While they have kept the payout and dividend similar from 2017 to 2020, NWH has reduced significantly its leverage over the years. They have also moved their portfolio to higher quality properties which carry a lower cap rate. While keeping the same dividend, the portfolio is composed of higher quality properties which carry less leverage (so less risk).
Despite a dividend that hasn't been raised, the value of shares has been raised through that shift. NWH also has more financial flexibility now to keep on adding value.