revhappy
Arch-Supremacy Member
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- Mar 19, 2012
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STI ex dividend is now already above what it was pre ex dividend. So even before the payout, the price has already recovered. This is the best part of dividend investing. If you are looking for safe and slightly better than bond type returns, then such high dividend instruments are like a middle road of safe Vs high risk. I won't wait for STI to go below 3, because even at current price it takes only 2 years of dividends to compensate for a fall from current price to 3. So people will see through that and won't sell it to you for 3.
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