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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks -- Ignore unavailable to you. Want to Upgrade?

To: A Horse With No Name who wrote (9966)	10/28/2005 12:04:08 PM
From: Tommaso	Read Replies (1) \| Respond to of 11633

Yes, I think your arithmetic is better than mine. But let's see. The current yearly dividend on OST is (all $C) 0.441 It will get all the increase of $2.00, bringing it to $2.44, which is 2.62% of the last quote of $92.88. COS is quoted at $110.30 and now will have a dividend of $4.00, or a yield of 3.6% So yes, you get a higher yield on the straight COS.UN, and would do so even if the dividend were double again tomorrow. I guess the leverage that OST.UN enjoyed a year ago has pretty well been used up. I think it can now be expected just to hang on at about $20 a share lower than COS.UN. This could give it a slight advantage (about 8%) over COS if COS went to 150 from 110 and OST went to 130 from 90, but that's about it. It would make more sense right now, as you suggest, just to buy COS.UN. There is less downside risk than OST.UN and much more liquidity. Thank you for pointing this out. OST.UN has done extremely well for me, and it might be a very good buy again at a lower price.