TSX:KMP.UN - Post by User
Comment by
Maxmoeon Sep 15, 2023 3:55am
193 Views
Post# 35637609
RE:Time for a little bump in monthly payout?
RE:Time for a little bump in monthly payout?Maxmoe wrote: My goal is to own enough units to cover the rent on a decent apartment. It's about 30,000 to 35,000 units to cover it. I don't want or expect rents to drop so squeeze another penny per month distribution please. 30,000 shares @ .05833 per month is only 1750 per month, so I gotta go 35000 shares to get $2040 per month. Or add a penny per month and my 30000 shares pump out an extra $300 per month from 1750 to 2050.
Small flaw in "the plan" ! The rents are going up far faster than the dividend. A year ago 35,000 shares generated 2041.55 per month. Enough for a small reasonable apartment in most cities. A closet with 2 roommates in van or TO. But now? My options with a budget just over 2 grand are shrinking. So that alone tells me we are overdue for a bump in the dividend. Rents going up like this make my quest more difficult, but it surely helps the bottom line at KMP, as well as giving a nice boost to the underlying NAV. An extra cent would take my budget back to a small reasonable apartment. No deluxe apartment in the sky for $2400. LOL.