AyG
Crazy Mango Extraordinaire
Posts: 5,871
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Post by AyG on May 1, 2016 12:49:47 GMT 7
No mention of the amount, or the actual payment date, though it's probably going to be in the first week of May based upon previous timings. The NAV is now well above 10. So that means they have positive retained earnings. So probably trying to make up for the absence in the past. Makes sense to me. Dividend payment is going to be on May 11th and looks like 0.35 baht/unit which is roughly triple the amount of the previous dividends. Definitely looks like paying out retained income. Over the last year they'll have paid out 0.61 baht/unit, indicating a yield of 5.7% before tax. Not too shabby - particularly when you'd also have been sitting on a 3.75% capital increase, too.
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AyG
Crazy Mango Extraordinaire
Posts: 5,871
Likes: 4,555
|
Post by AyG on Jul 11, 2016 18:50:44 GMT 7
The crazy dividend policy of the fund continues. They've just announced that another dividend will be paid covering the period 19 April to 30 June - a mere six weeks or so.
Not that I'm complaining, as well as the decent dividend yield I've had capital appreciation of more than 5%.
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Post by Fletchsmile on Jul 12, 2016 12:23:11 GMT 7
The crazy dividend policy of the fund continues. They've just announced that another dividend will be paid covering the period 19 April to 30 June - a mere six weeks or so. Not that I'm complaining, as well as the decent dividend yield I've had capital appreciation of more than 5%. Seems to be doing quite nicely now and fulfilling it's objectives. The basic thing to simply for anyone to remember is that if the issue price is 10 baht, then the company will not be allowed to pay a dividend while the NAV is below 10 baht. Once 10 baht is exceeded they can make up for lost time and pay dividends as they see fit
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Post by Fletchsmile on Oct 17, 2016 10:50:21 GMT 7
Another dividend received recently xd on 7 Oct . The fund seems to be performing nicely now and as long as it remains above 10 baht/ share NAV should continue to pay out dividends. So far is in line with expectations: I originally expected around 4.X to 5.X% yield with some capital growth on average.
Based on the current underlyings and having seen how the portfolio has developed, it seems that may now be a little on the conservative side. The Thai property elements in the portfolio generally yield more than the SIngapore elements. A div yield of around 5.X % to 6.X % ball park and some capital growth still seems a reasonable expectation on average to continue with, after deducting their total expense ratio of 1.18%.
The historic figures get a bit distorted: YTD has now paid out 0.88 baht per share, but that is distorted by the lower payout last year of only 0.42 baht. Since inception on 30 June 2014 (about 2 1/4 years ago) it has paid out 1.4185 baht on an original 10 baht per share. That's around 6.3% div yield per annum on average. With some capital gain given the price is around 10.8 baht/ share now
As I reduced my exposure to Thai equitie recently and am looking to add dividend paying funds in Mrs Smile's name, will probably add some more to this having watching it for a year or two, and seen it perform on average in line with expectations.
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