Post by
maplak on Jan 10, 2022 1:36pm
I am
dividend collector. During covid time I have build portfolio of 21 stocks. Thinking to pick up PMZ. Any idea when they start paying dividends and what could be reasonable 1 year target? Thanks.
Comment by
DeanEdmonton on Jan 10, 2022 1:43pm
Dividend will be about 6%, paid Quarterly, so first ex Div date should be end of March early April, with payout in the next 20 days. The payoutt is 50% of free cash flow, so as rents in malls decrease over time, assuming they do and the malls aren't converted to other uses, the dividends will drop.
Comment by
TG1960 on Jan 10, 2022 2:49pm
LOL...get with the program already...already announced it and its monthly. 6.67 cents to be paid Feb.15 for month of Jan.
Comment by
DeanEdmonton on Jan 10, 2022 3:03pm
You are right, and I even knew it, cause it is the same as H and R. Total brain fade, sorry for any confusion.