Dynac-Mac announced yesterday that it proposes a dividend of two-cents per share. With a closing price of $0.39 yesterday, this dividends works out to 5.1% which is quite good to me. I am starting to like this stock and the proposed dividends is actually an additional icing to the cake of contractual wins which Dynac-Mac has announced.Not to mention Dynac-Mac has always been one of the more recommended offshore and marine support stocks by analysts. And if there is another reason why I like Dynac-Mac, it has to be the fact that a major shareholder of the company is Keppel, a company under Temasek Holdings.
Some of the offshore and marine stocks here may have been quite “hyped up” like Ezion stock. Looking at the technicals of Dynac-Mac, the price levels seems quite nice to me.
And with interest rates going up, Reits may not be performing ......