Post by
nedstar71 on Dec 05, 2024 3:15am
Distribution
If the share price remains in a channel in the $19-20 range I see a distribution bump implemented with the next set of earnings. Much more likely the closer the sp is to $20 or above. CEO is often asked during conference calls about raising the distribution given the payout ratio, and rightfully implies that they're not getting rewarded share price wise for the high dividend already so why raise it (paraphrasing of course). If the sp holds higher I could see that reasoning removed and a long overdue bump occur.
No idea why the semi weakness the past few days, as far as I'm concerned this should be trading lock in step with the strength of the U.S. market given their partners and be bruising $21+ already