TSX:SRV.UN - Post by User
Comment by
flamingogoldon Sep 13, 2021 2:36pm
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Post# 33849533
RE:RE:RE:If you bought at $1.50...
RE:RE:RE:If you bought at $1.50...No one knows where the top is just as much as we did not know where the bottom was. But, just over 2 years ago this was trading for $17 with a distribution of 10.5¢ which is just 17% above our current distribution. Meanwhile, our share price is still 60% below that high mark. In a post covid environment where thousands of restos went under who knows what the potential upper limit is.
What I do know is that rates are in the ditch so income investors are starved for yield. This is now on the radar again.
nedstar71 wrote: The action this is getting from that dividend bump is truly extraordinary. I didn't get in that low but did just sell the small position I had. To me upside is limited and I find it difficult to know what the actual sustainable dividend will be going forward. I fear less than stellar quarterly results may put some pressure on. Good luck all!