TSX:SRV.UN - Post by User
Comment by
BlueJay2020on Feb 24, 2021 4:48pm
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Post# 32650474
RE:Dividends likely 2H of the year
RE:Dividends likely 2H of the yearI think that is certainly achievable, and of course there is a 2020 distribution to catch up on. What worries me slightly is what it will take for the bank to remove its block on distributions. How strong will the overall finances of SIR have to be and how long will that take? Very opaque as usual.
A refinancing was alluded to a little while back, and that might be the catalyst for change. The good thing is that SIR Corp will want to get its hands on the 19.9% share of the distributions at some point, now that it has given up trying to steal 100%, If I were the independent trustees, I would be asking about the process for restarting the distributions and disclose that material info.
flamingogold wrote: With re-opening underway and lockdowns for the history books, the market is pricing in the return of dividends later this year.
Last dividend declared was March 2020 when the stock plummeted to the low $2's based on the eventual dividend suspension. The surge now is in anticipation of the opposite and a return to distributions sometime later this year.