Boston Pizza Royalties Income Fund BPZZF

RE:RE:RE:RE:RE:wow up another 7%

[ntcse123]

Might be choppy very short term due to run up but this dividend is all but guaranteed - they picked a conservative dividend level that they can assuredly not cut and will likely be forced to provide a special dividend on top in December.  Their post covid dividend is 50 percent higher.  I think it's smoothish sailing until about 10 when dividend drops under 8 percent and we face the round number share price. And thats only since there's other pretty safe high dividend plays to compete with in the market.  But yeah the underlying restaurants are going to benefit from the wage subsidy until next summer and still benefiting from rent programs potentially.  Liquor sales will be down but that is not part of the royalty to my knowledge.  After this plague is over, many small operators will have gone bankrupt which makes more room for expansion and increased revenue to the small brands that have survived.  This is a buy and hold until we get the recovery.