Post by
amugsgame on Apr 13, 2022 9:39am
Time To Bail
While it's been good times to collect the div over the last while, the return on that may be offset by a changing real estate market and diminishing income.
Comment by
pierrelebel on Apr 13, 2022 5:06pm
The dividend is "safe". You will find very few Canadian companies offering a tax advantaged 8.5% yield. The dividend has been stable for the last five years ($0.1125) since September 2017. Now is not the time to "bail" unless you can find a better investment opportunity.
Comment by
amugsgame on Apr 18, 2022 12:16pm
Dividend may be safe but the SP is already down about 10% in the last few months and will fall further as house sales slow and income drops - isn't difficult to peer into the crystal ball and see that. I see below $15 in the near future
Comment by
amugsgame on May 02, 2022 7:36am
Ok - that came quicker than I thought - down to sub-$14 in just a few weeks. Would have been short if the volume was higher. May still drop to the low $13 range before finding support.