Yes it was nice to get the dividend today, especially with the holidays upon us :)
I appears that we will need a dividend increase to break through the $14-$15 level. It will be interesting to see how our malls perform this CMAS. Given the large number of percentage rents in place a good holiday season could see us move past FFO guidance and give the board the confidence to increase the dividend. Even if they just move from .15 to .20 next year its a step in the right direction and would allow us to see the $16-$18 price level.
agree to get past 15 we'll need a dividend increase.
I think there is a chance we could see it at the end of next year. I think the company is looking to pay down the debt before the dividend gets raised. Or Maybe another acquisition to counterbalance some of the crappy under performing malls.
I'm up 100+% on this in my Roth IRA so I'm holding it forever. Also, living in jersey, its nice to know i something local.
Another stock I own - PEB, IPOd last year, been buying hotels, just declared a 2.5% annual quarterly dividend, look to buy when the market sells off, that dividend should go quick as they spend the IPO proceeds and leverage the hotels they have been buying for CASH. Harvard Pension fund was one of their original investors. Can't go wrong buying below the ivy league on this one.