Value Collector
Have courage, and be kind.
- Joined
- 13 January 2014
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So far so good.The dividend will be stable and growing, and the share price should eventually recover to whatever a rational dividend yield is based on the alternatives like term deposits etc.
I purchased a recent block back In November for $6.73 on the presumption that with a dividend yield of 8.75% on that purchase price, and a recovery of the share price to a level when the dividend yield should be around 5.75% making the share price $10.26 over the next 5 years. The capital gain and Div should deliver me a combined return of around 20% per year. We are on track.