APTT or Asian Pay Television, used to belong in a Macquarie Infrastructure Trust (MIIF), before they got spun out as APTT. The management is still the same Macquarie folks.
The stock IPOed in May 2013 at a IPO price of $0.97. It currently trades for $0.645.
When it IPO, the projected yield was 8.5%. Based on the current distribution of $0.08/yr, the dividend yield is 12.5%.
There is a reason I did not add this business trust to my Dividend Stock Tracker, which tracks some of the common better know dividend stocks such as blue chips, REITs and business trust. I usually wait for 1 year to add them in, and also that I know this stock is not going to be good news largely to investors. So I save you guys some pain.
That is not to say what is on the tracker ...
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