TSX:NWH.DB.G - Post by User
Post by
SNAKEYBOYon Sep 22, 2023 4:15pm
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Post# 35650008
$6.00
$6.00Assume AFFO is 0.13 and stays there worst-case. A dividend cut from 0.20 to 0.10 would put it at 6.67% yield, 70% payout ratio, and overall free cash flow of (0.13 x 4 = 0.52). 0.52/6 = 8.67% which for a healthcare REIT is pretty good.
Ignoring the knee jerk reaction to any dividend cut I would think we would stay in the $6's for now.
Deleveraging would improve their metrics and they could even possibly look into a NCIB at a later date.
Hopefully the folks running the strategic review are actually savvy and get this back on track