RE:New Rating!!!!! GLTALongs TD Summary notes"Although CPG has increased its dividend twice in the past 12-months and recently implemented (and now increased) its NCIB, it previously stopped short of formalizing a capital return framework like some if its peers. With leverage goals likely to be achieved by mid-year, the company indicated it plans to provide a formal return of capital framework at that time."
Makes sense that they want to buy back as many shares as cheaply as possible before increasing the divi further.. I still think that "mid-year" time line will bring another divi increase.. thus I'm sticking to my Q3-22 divi hike.. ;-)