RE:Impending news Well we got our answer!
Seems like this royalty is structured very similar to what we are doing with Mr. Lube.
Also now we have 2 food based holdings. SVR eat your heart out! (But they have better proformance than us)...
So some numbers to look at:
Current dividend yeild on today's close = 9.76%
Pro-Forma distributable income yeild = 11.53% (28.94 cents, projected)
Very glad I added 2000 shares at 2.57 last week (I intended to add more this week, but issues arose)
Seems like we will get more payout increases when this transaction gets fully paid off (I don't see a share offering mentioned like Ned pointed out on the last one recently, if there is, please point it out again)
And Ned did call this from the share volume movement, let's see if he likes it... I do!