SOBO dividend

« Back to Previous Page
▲
0
▼
♥ 0

I’m newly retired, looking at SOBO for the approximately 9% dividend to hold some cash rather than bonds. How safe is the dividend?

Marked as spam
Asked on April 10, 2025 1:34 pm
54 views
▲
0
▼
✔
Private answer

Hey there. The dividend is well covered by distributable cash flows at this point in time. I believe the last time I ran the metrics, which would have been about a month ago, it made up around 65-70% of distributable cash flows.

Considering the company has 95%+ operational rates on the pipeline, it should make distributions relatively steady. Obviously in the event of a deep recession this operational rate could dip, but I don't think it would dip enough to put the company's distribution at risk.

Marked as spam
Posted by Dan Kent
Answered on April 10, 2025 2:35 pm
« Back to Previous Page