Annual General Meetings (AGM) season is finally over.
To some people, the main objective in attending an AGM is the buffet spread that usually happens after the meeting. Some shareholders see this as another form of dividend that they are entitled to. Heartland Boy doesn’t like to participate in the mad dash and am quite glad that more companies have recently replaced the buffet with bento sets. This is to minimize the incidence of kiasuism rearing its ugly head. Interestingly, some companies such as Capital Mall Trust have replaced meals with Capita Mall vouchers. So maybe, it is indeed right to think that the freebies that often accompany the AGM (whether buffet spread, bento set or vouchers) are indeed another form of dividend for the shareholders. Buy one hundred shares of Capitaland and receive S$ 20 Capita Mall vouchers during the AGM, that’s an additional 6.5% yield. Such yield ......