Sir Royalty Income Fund T.SRV.UN

Another 7-cent distribution declared..

[BlueJay2020]

...which was what I would have expected.  No details of how this has been funded (assume the same basis as last month?) so we are not learning a whole lot here.

[flamingogold]

They didn't wait either... declared a little earlier than last month or 9 days before the record date compared to 7. 

[BlueJay2020]

Yep, I was intending to run a poll on what the distribution was going to be but assumed they would keep to the same timetable! I suppose you could argue, being half-full guys, that the earlier declaration is a sign of confidence!

[Robsopinion]

I would expect $0.07 a month for at least the next 11 months. Regardless of what happens in the world. No way they would cut it again now. 

[flamingogold]

The fact that SIR is mostly in Ontario was initially a big negative as we experienced one of the longest shutdowns around the world. However, this has flipped to somewhat of a positive as we are now among the global leaders in the rate of total vaccinations which shields us from a total shutdown scenario for this Fall and Winter season. Plus, Canadians as a whole are more compliant than our

[wildrunner11]

I'm expecting them to hold steady on the monthly dividends, if there is an increase it has to be maintainable after the catch up dividends are paid up( $0.04 ish, does anyone really know) So, I'm expecting in a year or so to see some special div payments. Before COVID, SIR was paying $0.0875 dividend per month per share. I expect us to get back to this (yes, lost a few restaurants but

[BlueJay2020]

Absolutely!  We need a period of stability for the distributions.  Peers like Pizza Pizza have, and disclose, a 'reserve' to cover periods of top-line weakness.  It's good to have a buffer - mind you, they aim to pay 100% of earnings out, so there isn't a lot of wiggle room.  There is no need to raise a dividend when you have a yield that's already 9%.