RE:RE:HR so so very undervaluedre "dividend"
The payout ratio is now a craxy low 41%. In that sense they could
raise the amount immediately.
However they want to be 100% sure that they retain their credit rating
in order to borrow more cheaply going forward.
Also, they are spending heavily on development so they can use the money.
Also, in 3 months the USA situation will be fairly clear; 50% of adults will be
vaccinated. Malls sports, everything can be safely opened
Also in 56 or 7 months Canada will be well vaccinated so offices and malls
and sports will be back to normal.
HR may wait until then before boosing the payout. The last thing that they want
to do is raise it and then cut it again
Also if they earn $1.69 (for ezample) and only pay out 69 cents the one dollar
difference will still be in the bank in the form an extra $1 NAV per units
So. Your sentiment is understandable. I would like a boost too.
We just have to wait about 6 months
mat