With Kep Corp cutting its FY 15 dividend to 34 cts instead of market expectation of at least 40 cts. This is a good reminder to Uncle8888 on theimportance of strengthening his Tap 1 in his Three Taps Solution for Sustainable Retirement Income for Life.
Can we as small retail investors seriously depend on dividends as bulk of our "passive" income in the Land of Financial Independence?
For Tap 3 cash flow, Uncle8888 has downsized the cash flow on his two top holdings in view of more uncertainty in the next two years as follows:
Kep Corp's dividend to 30 cts in 2016, 28 cts in 2017 and 2018
Semb Corp's dividend to 10 cts in 2016, 8 cts in 2017 and 2018
Revised Cash Flow for Tap 1 (Interests) and Tap 3 (Just on Dividend Income)......