13 Years of Reliable Distribution Dividend has been stable for 13 Years<br /> <br /> Debt is being paid down with current dividend yield<br /> <br /> Dividends paid in CAD while operations in USD (payout is reduced by weaker CAD)<br /> <br />
EBTA of about 1.68 vs distribution of .72
Predictable cash flows not reliant on commodity prices
SPB is a cash cow that is paying down debt. As debt is repaid, company continues to grow organically, and rates drop, the cash cow will only get fatter.