Update: I check the SGX website and see the past notices regarding the notice of book closure. It is around the same time when it holds the AGM. So, for 2013, the next AGM is on 26 Apr, so I guess YZJ will announce the dividend on that day or so. It is SGD0.05 per share and based on today's price of 0.955 (still my buy-price), the yield is 5.2%. The payment date should be around end May or early Jun, depending on the outcome from the AGM.
My strategy is to see the price movement when the dividend has been announced (which was already announced in the YZJ's report) on 26 Apr. If there is an increase of $0.05 (from $0.955), I will sell it to get the 5% profit. If there is no change or lower than $0.955, I will keep and hold on till ex-div. Then I will decide whether to keep or sell after seeing the price after ex-div.
Target is to get 5% yield from this stock.
|Investment as at 3 Mar 2013|