RE:Abuse of minority shareholdershoffbag wrote: This is a company that holds rental apartments and lodging. Covid is done. No excuse not to reinstate a dividend on this portion of earnings. I understand that the development end of the business can be more volatile so can hold those earnings and reinvest or weather a storm.
Pay a quarterly dividend and let shareholders decide if they want to reinvest (offer a DRIP) or take the cash. Only benefit right now is to majority shareholder that takes a salary and dogs the stock for the occasional buyout.
Hoffbag yet to understand optimal capital allocation strategies.
Dividends are discretionary, not obligatory.
Better use of funds was NCIB.
1.5mm shares cancelled.
Well done team.