How do you know the cash will be paid out this year, Calvin? I noticed the AGM was held in June 2013 (Port Dickson) [Where the PM CORP Directors Have Proposed Capital Reduction & CASH PAY OUT]. And the Total CASH Position is said to be 20 cents.
Didn't aware it was written by great Calvin until finish the reading then look at the author section, the story telling is so great like those at the street giving out tonnes of free gifts when you scratch the gift voucher.
This article was first posted on My Johor House For Sale Website on October 31st 2013 - more than 2 years ago. I have to dig out from my store the past Focus Magazine. Anyway, I don't get to read Edgedaily or Focus Mag till monday as I am always in Singapore on weekends.
For PM Corp's history of dividends you must go back to year 2004 & before. In those yesteryears Pm Corp was giving very excellent dividends.
Among the early shareholders were Amanah Saham Bumi, University Malaya & even the "Ministry of Finance" were among the Top 30 Substantial Share Holders.
As of now Pm Corp is giving a CASH PAY OUT of 30.18%. Enough to last 3 years at 10.06% for year 2016, 2017 & 2018.
This is now a New Beginning of Pm Corp to resume its glory days of rewarding its loyal share holders.
And there is still surplus CASH of 13 cents for further Cash Pay Out or Dividend in future. Another 38 cents of Investments & Loans to Subsidiaries could be Cashed Out - about 38 Cents Cash. Then there is also assets in Investment Properties.
Since Chocolate business require little capex Pm Corp could follow SEE'S CANDY example in returning consistent dividend to share holders like Apollo, HupSeng or Oriental Food Industries.
Last time in 2009 I bought Apollo Food at Rm2.20 and it gave a double digit dividend. Since then Apollo has been giving consistent dividend while its share price almost tripled to over Rm6.00 (inclusive of yearly dividends)
And people buy Apollo for its dividend.
"A cow for its milk; Bees for their honey. And a share, by golly; For its dividend yield".
Dividend yield is the very crucial in withstanding bear markets.
Watch out for my next post on
Dividend provides a "floor" for shares during bear markets" By Dr Neoh Soon Kean (Article extracted from his book called "STOCK MARKET INVESTMENT" In Malaysia and Singapore)
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Posted by paperplane2016 > 2016-02-07 01:22 | Report Abuse