If you’re looking at a company’s dividend growth rate today, it will include data only to end of 2022, as there are still a couple of weeks left in 2023
If we plug the NYSE market price into the P/E’s numerator, and substitute FFO estimates for the “E” in the denominator, we get P/FFO values of 9.2 and 8.3, respectively, for 2023 and 2024
If you believe that all of the bad news is already baked into Air Canada’s stock price, and if you can be patient, staying the course might be a prudent move as the downside from here may be limited