RE:Dividend increase? We hit perfectly in the lower target range of where I pegged us for Distributable Cash, the exact figure gives us a 27.44 cents over the course of the year and rising... It is possible next quarter we hit 7 cents per quarter which would be 28 over a year...
We only pay 24 cents currently so a payout increase could happen anywhere from 1-4 cents pre-year increase, they have shown willingness to have a ratio over 100% in the past... but most likely scenario is a penny increase here and anouther a little later...
Just so you don't think I'm arguing with you:
I agree with you, and I hope we hear it soon too.
My cost basis is currently $2.15 so it's a nice 11.14% yeild on cost I'm getting, but looking at a yield on Distributable Income is 12.76%... if your purchasing today your getting your share of the distributable income at a yeild of 9.66% and an actual dividend yeild of 8.45% (with an increase hopefully coming)
Its funny a couple years ago we did exercises in figuring out how to value an opportunity to buy this company and it got several people bent outta shape when I said I wouldn't buy more unless it had an 8.25-8.5% yeild attached to it and people thought it would never be valued like that again, even with the share price growth it's back there and has an even better outlook when looking at that Distributable Income Yeild as when it was brought up in the past we were pretty much at or above 100% payout ratio...
If this doesn't shoot up after these earnings I'm going to add to my position when my free cash come out of current option plays...