Q: Good morning,
Just looking for confirmation of the recently-announced TRP and SOBO dividends.
I see TRP @ C$0.823 for an indicative yield of 4.85%.
I see SOBO @ US$.50, for an indicative C$ yield of ~ 8.5%.
It would seem to me that if one is + on the space, given recent analyst estimates for both companies, owning both makes sense over the near-term. While I like the SOBO yield, I had forgotten that the TRP yield would drop a bit.
Thanks as always.
Just looking for confirmation of the recently-announced TRP and SOBO dividends.
I see TRP @ C$0.823 for an indicative yield of 4.85%.
I see SOBO @ US$.50, for an indicative C$ yield of ~ 8.5%.
It would seem to me that if one is + on the space, given recent analyst estimates for both companies, owning both makes sense over the near-term. While I like the SOBO yield, I had forgotten that the TRP yield would drop a bit.
Thanks as always.
5i Research Answer:
The yields are correct, give or take small movements in the stock prices. We think both can be owned. This of course simulates the situation prior to the split, anyway.