Q: On October 30th. Peter asked you about the recent results is AP.UN.
In your response you indicated that AP.UN increased the distribution by 11%
Is this an increase over and above the $1.80 dividend indicated now ? Is the new dividend $1.80 + 11% of $1.80. ?
Thanks.
In your response you indicated that AP.UN increased the distribution by 11%
Is this an increase over and above the $1.80 dividend indicated now ? Is the new dividend $1.80 + 11% of $1.80. ?
Thanks.
5i Research Answer:
Sorry our prior answer was not 100% clear. The dividend (technically a distribution) YIELD has now risen to 11% (10.5% now as the stock has risen a bit). The rate of payment is unchanged, but the yield rose as the unit price declined.