03-31-2020, 11:35 PM
(03-31-2020, 06:08 PM)fenders53 Wrote: SKT just borrowed their next Div. I wondered if they would. Most investors probably would have been happy to get half of it if it helped the company survive.
I saw that today as well. So glad I sold out of SKT when I did. Borrowing to pay a dividend when your stock is yielding 27% is insanity.
Drew down their entire $600M credit facility while the market cap of the company is just $572M.