Post by
mouserman on Jul 22, 2020 10:45am
PME NAV up to 3.3546
Highest we have seen the NAV since they decided to cut the dividend. I suspect they will jack it up again to make PME and MMP.un more enticing.
Current yield for PME is almost exactly 6%, and MMP.un is under 5 %.
20% better return buying PME... as it stands now... but if they raise the dividends they may make the yields a little different so both are near 10%
Comment by
coolslug1 on Jul 22, 2020 6:49pm
I expect they will raise the dividends for PME and MMP.UN but I doubt that they will make the yields different so they'd be more close to 10%. They have never done it that way ever. If past examples are followed each will be raised the same. For example 25% or 50% each.