Post by
gojuice on Apr 17, 2023 1:22pm
div hike?
Pre-covid SGR had a history of raising it's dividend about a quarter a cent a year. They've maintained the current dividend through thick and thin. When might they resume hiking the dividend?
Comment by
DanielDarden on Apr 19, 2023 6:33pm
In a rising rate environment with a possible recession coming it would be imprudent to increase the distribution. IMO, they should be maintaining occupancy and cash flow. The current high yield is not being rewarded by the market and a distribution boost would only increase the risk profile. HR and FCR have faltered after their boosts and all boards are likely aware.