A&W Restaurants have had a tough go of it in 2020 due to lockdowns in various places where their restaurants are located. The drive thru remained opened, but the restaurants was closed to in-person dining at various times.
A&W Royalties Fund announced an increase to their monthly distribution. The monthly distribution was increased from $0.10 to $0.135, which is an increase of 35%. During 2020, the distribution was suspended due to the first wave of COVID19. Eventually, the distribution was lower then previous distribution when it was restarted.
The new distribution rate will start for unitholders of record March 15, to be paid on March 31.
I own 38 shares of AW.UN at this time. This increase adds $15.96 to my annual dividend income.
Disclosure: Long AW.UN
DISCLAIMER
I am not a financial planner, financial advisor, accountant or tax attorney. The information on this blog represents my own thoughts and opinions and should NOT be taken as investment or business advice.
Every individual should do their due diligence to make their own financial decisions based on their financial situation and tolerance for risk.
I am not a financial planner, financial advisor, accountant or tax attorney. The information on this blog represents my own thoughts and opinions and should NOT be taken as investment or business advice.
Every individual should do their due diligence to make their own financial decisions based on their financial situation and tolerance for risk.
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