I applied for Hutchinson Ports Holdings trust when the trust went IPO in year 2011 for 2,000 shares and I was allotted the full 2,000 shares. Paying $2,588 for the 2,000 shares, my average cost per share worked out to $1.294 (which was US $1.03 then), not counting the $2 transaction fee for the application of the IPO via ATM.Since the IPO, Hutchinson Ports Holdings trust has not traded above its IPO price. However I have been receiving dividends from the trust from my 2,000 shares in the trust as below (the trust’s annual dividends payouts are in March and September):
Year 2011 (September): $45.06
Year 2012: $152.67
Year 2013: $148.89
Year 2014: $133.06
Year 2015: $137.13
Year 2016 (March): $66.15
Totalling the above dividends, I have received a total of $682.96 which works out to be around 26.389% ......