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Cohen & Steers Reit and Preferr Message Board

  • aluminumken aluminumken Oct 24, 2008 9:52 PM Flag

    Dividend Calculation

    Did some rough calculations on RNP ability to pay dividend based upon 9/30/2008 holdings.
    Cash & Equivalents $50,671,733
    October 2008 T-Bills $83,500,000
    Total Avail to Pay Dividend $134,171,733
    Estimated monthly Dividends $18,500,000
    Above says RNP has 7.25 months of dividend cash (or T-Bills) on hand without fire sale of single asset. Obviously this surplus of dividend greatly enhanced with monthly income from holdings. Although disappointed with NAV and Share market price gives me a lot of confidence in RNP ability to keep my dividends coming. Please let me know if my crummy analysis way off the mark and why should I be worrying?
    Thanks in advance to the group.

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