RE: higher risk, higher yieldDon't let the 102% payout scare you off, it was only one quarter to start with. Management has said " the purchase of Blue Wave will fund all interest on purchase and ALL taxes " that means the dividend will remian high RBc is estimating it will be 86% of the current payout. Management has said somewhere between 75 and 110 %, don't be surprised if it is at the high end after the dust settles. If you research previous comments by management they said last Nov after conversion they are expecting the dividend payout after conversion to be 10 to 12 %.
Remeber here in Canada we have just experienced the warmest winter for 60 years which has a tremendous impact on heating oil and gas sales, coupled with reduced drilling out west it is no surprise profits were down. I expect the purchase of Blue Wave will have a positive impact going forward.
Hang in there no reason to panic !!! even TD and RBC analysts are estimating unit value between 12.50 and 13.00 this year.