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Becker Milk Co Ltd T.BEK.B

Alternate Symbol(s):  BCKMF

The Becker Milk Company Limited is a Canada-based company, which is engaged in the ownership and management of retail commercial properties in Ontario, Canada. The Company primarily leases retail stores with a few residential sites. The Company owns and manages approximately 38 commercial properties in various southern Ontario communities. Its properties are single store sites with a few multi-store plazas, including one residential unit above a retail commercial store. The Company has leased to third parties 51 retail units, 36 of which were leased to Mac’s Convenience Stores Inc. operating under their Mac’s Convenience Stores brand (two stores) or their Circle K Stores brand (34 stores). The remaining 15 retail units and one residential unit were leased to other tenants.


TSX:BEK.B - Post by User

Comment by BarstoolSageon Jan 30, 2023 2:08pm
145 Views
Post# 35254458

RE:RE:RE:RE:RE:bek.b

RE:RE:RE:RE:RE:bek.bIf you like these kinds of undervalued dividend payers, check out Alberta casino operator Gamehost   GH   monthly dividends, currently yielding about 4.5%, paying monthly...but dividend was halved when COVID struck and earnings coming back...trades under pre covid levels and good valuation metrics. 

Oneinamillion wrote: Thank you very much, Sage. Yes, they must have a succession plan...only logical. And yes the 6% payout is very attractive...esp as the risk seems low given that they are trading below NAV as you point out. All imho.
Cheers,
O


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