I thought the earnings hit might've been worse than this.
I was thinking that several of the large users of storage (international students, small business) would've cancelled their storage to save money. But looks like it is a relatively small monthly cost and the stuff has to go somewhere!
However, at earnings guidance of 8.5-9.0 it would mean roughly 10% cut to the dividend/payout ( was running about 9.4c per annum), pulling the yield back to about 5%. Still not too bad in the circumstances.
I thought the earnings hit might've been worse than this. I was...
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$2.41 |
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