The stock price hit a high of 18.89 back in May 2007
Then with the income trust debacle and the world wide credit crisis and a plunge in dividend payments (in 2008 the dividend was 12.5 cents per month)- the stock price hit a low of 86 cents on December 3, 2008
Amid the turmoil Sterling Shoes continues to earn over $1 per year and continues to pay a reduced dividend of 1.862 cents per MONTH!
Any relevant comments welcome.
About the company: Sterling Shoes Income Fund owns an 80% interest in Sterling Shoes Limited Partnership. Sterling Shoes is headquartered in Vancouver, B.C and is a leading independent footwear retailer offering a broad selection of private label and brand name shoes and accessories. Founded in 1987, Sterling Shoes operates over 100stores across Canada with primary concentration in Western Canada. Located in high-traffic, high visibility locations within enclosed shopping malls, on high streets and in strip malls.
Sterling Shoes owns and operates four distinct retail banners: Sterling, Joneve, Shoe Warehouse and Freedman Shoes. Products include dress and casual footwear ranging from sandals and athletic shoes to career footwear and special occasion shoes. They offer footwear products under both private label and national brands in each of our stores as well as a range of accessories, including handbags, shoe care products and hosiery.
Sterling caters to women 15 years and older by offering fashion and comfort styles at mid-range prices; Joneve caters to women 20 years and older by offering quality fashion footwear at mid-high range prices; Shoe Warehouse caters to families by offering value-priced fashion, comfort and athletic footwear, work boots and accessories for all ages and genders; and Freedman's caters to men and women 25 years and older seeking a broad selection of high-end branded shoes, including fashion, comfort and orthopedic footwear in an extensive range of fittings and sizes.
sterlingshoesincomefund.com |
