Singapore Post, a favorite income yield stock amongst income investor have fallen off from a stable price range. Is this an opportunity to accumulate or is there something wrong with the company?
For a yield stock that was so stable at $1.10 it fallen down to $1.00 and now another free fall. Honestly I think the price should hold at $0.93 region and it shouldn’t fall to the next possible support at $0.84.
Yield looks attractive
Make no mistake people like SingPost because they think that it is a mature business that provides very predictable free cash flow which in turn, pays out a decent yield.
In summary, good yield for low risk, basically like a safe bond.
- At $1.10 > Yield is 5.6%
- $1.00 > 6.25%
- $0.95 > 6.50%
- $0.85 > 7.30%
For the latest dividend yield …