mrt.un.to has a grade of 3.5; is this accurate or is this a glitch in the program?

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Asked on September 29, 2020 12:04 pm
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thank you!

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Posted by Al Haggart
Answered on September 29, 2020 2:10 pm
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Hi there,

I double checked and it appears correct. The company's payout ratios have improved materially since cutting their dividend at the end of April. Worth nothing before the cut, MRT.UN was only ranked a 2.3 as it had very high payout ratios and the dividend appeared at risk. As a reminder, these screeners are at a point in time and take into account dividend safety, yield and growth. As of today, MRT receives high grades for safety and yield but low grades for growth.

As always, we recommend investors do their own due diligence prior to purchasing any stock to ensure it fits within your investment portfolio. Case in point, MRT would have never of fit mine considering it did not have a strong history of dividend growth before the cut. Doesn't fit mine now either.

Mat

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Posted by Mathieu Litalien
Answered on September 29, 2020 1:12 pm