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BOWFF - Another Bear-Destroying Quarter From Boardwalk
Boardwalk Real Estate Investment Trust Unit
We have a love for companies that pay dividends. But we have made the long case a few times for those that don't pay them or those that pay so little that you could be excused for not realizing their dividends hit your account. Boardwalk REIT (BOWFF) is one that falls in the latter category. The 2017 dividend cut, which we correctly anticipated, left this yielding next to nothing. Today, after a big price increase from that point, the yield is lower still.