TSX:TNT.UN - Post by User
Comment by
sclardaon Nov 03, 2022 8:52pm
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Post# 35071685
RE:RE:RE:RE:RE:Dividend cut coming soon.
RE:RE:RE:RE:RE:Dividend cut coming soon.canadian wrote I disagree. They have to cut the dividend.
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I dont know if they have to cut the dividend but they definetely should. They have been paying out around 100% for a long time and now are paying out 113%. Not sustainable and not good business to be paying out as much or more as you are taking in. The company should cut the dividend down to 4 cents per month from the current 5 cents.
A 20% cut would bring the payout ratio down to 90% or so which is still an 8% yield at todays shareprice while still leaving the company a bit of Cash every month left over.
If the payout ratio keeps at this level they will have to cut sooner or later especially if they lose a tenant or two.