Comment by
Scotch12 on Aug 15, 2023 4:18pm
Have they announced the September dividend yet?
Comment by
cttglvr on Aug 15, 2023 4:24pm
Yes. This id from RBC Declaration of August 2023 Distribution The Trustees of the REIT declared a distribution of $0.06667 per unit for the month of August 2023, representing $0.80 per unit on an annualized basis. The distribution will be payable on or about September 15, 2023, to unitholders of record as at August 31, 2023.
Comment by
ANALOG GUY on Aug 15, 2023 4:40pm
Dividend unchanged ..... interesting
Comment by
2young2invest on Aug 15, 2023 5:32pm
Board is still doing a "Strategic Review", give them some time to waste more $$$.
Comment by
Scotch12 on Aug 15, 2023 6:36pm
Well today’s announcement of the dividend in September means it will probably be at least a month before they announce a dividend cut if they in fact do so. This buys time to try to improve the financial issues. Strategic review is often a euphuism for find a buyer. So, keeping the share price up gives them a better opportunity to get a fairer sale price.
Comment by
SNAKEYBOY on Aug 15, 2023 6:52pm
The dividend is somewhat irrelvant, as you suggested. A 50% cut in the dividend will but it inline with the sector...5-7% range. The strategic review should take focus, and the outcome needs to be more than a few small action items and a cut. If that's all they do, then you know it was a facade.