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Bullboard - Stock Discussion Forum Sir Royalty Income Fund T.SRV.UN

Alternate Symbol(s):  SIRZF

SIR Royalty Income Fund (the Fund) holds investment in SIR Corp (SIR). The Funds' investment, SIR is engaged in the business of owning and operating full-service restaurants in Canada. SIR has concept restaurant brands, including Jack Astor’s Bar and Grill, Scaddabush Italian Kitchen & Bar, and Canyon Creek Chop House, signature restaurant brands, such as Reds Wine Tavern, Reds Midtown Tavern... see more

TSX:SRV.UN - Post Discussion

Sir Royalty Income Fund > Article to explain dividends and dates
View:
Comment by BlueJay2020 on Sep 18, 2021 3:21pm
It's behind a paywall so here it is. It confirms what I said in explanation for the temporary SP drop on the ex-div date. I’m hoping you can clear up some confusion around dividend record dates and ex-dividend dates and explain when an investor needs to buy a stock to get the dividend. Case in point: I bought Leon’s Furniture Ltd. (LNF) on Sept. 3, hoping to receive the special dividend of ...more  
Comment by flamingogold on Sep 18, 2021 4:33pm
I believe we are all saying the same thing. Yesterday was ex-div meaning existing shareholders of record like us could have sold and still receive the div. A big selloff would have been a sign that many were just in for the current month's div and unconfident of the stock's future. We did not get a big exodus wihich is a bullish sign. Low float. Strong hands prevail.
Comment by Robsopinion on Sep 20, 2021 8:17am
Firstly, with all due respect, I'm very surprised that this is even a conversation, this is dividends101 for basic investors.  We are talking about a 1 or 2 day difference in when the units could have been sold to still capture the dividend. That can be very significant. On the other side, if the majority of the available float (those not held by the big players who are long and hold ...more  
Comment by Robsopinion on Sep 20, 2021 8:20am
I never even thought about the paywall, that was very smart of you to copy and paste it for everyone to see! Thank you.  As a side note, the G&M is a very valuable resource for anyone doing a decent amount of investing, and if you don't already have a subscription you may want to consider it 
Comment by flamingogold on Sep 20, 2021 9:31am
Personally, I will never give the G&M a red cent. My view is probably tainted being a BBD investor and the Globe's agenda (Bell Media) to sink a Canadian icon... now on the path of recovery to the Globe's dismay.
Comment by Robsopinion on Sep 20, 2021 10:03am
Bombardiers downfall was created by the Bombardier family and the beaudoin family. The nepotism and almost blatant theft of government money as well as the incredibly strong union mentality in Quebec. The Globe just reported on it.  disclosure: I've held a small position in BBD for years. It's nicknamed the "Bomber" for a reason. 
Comment by flamingogold on Sep 20, 2021 10:32am
BBD has had a checkered past, it was certainly before my initial investment. But they have turned it around... all without any special government assistance and nothing more than what SIR has received for covid. The Globe, however, continued to print bad news, even recycle old news when the headlines were slow. And, when the news was good, they were slow to feature it and even bury it down to ...more  
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