I have previously written about Accordia Golf Trust here and here. Today, Accordia Golf Trust just announced the full year dividend - 4.31 cents per share. Although it is slightly lower than previous full year dividend - 5.71 cents per share, but it is still significant. Looking at the financials, the golf trust actually did better this year. Revenue increase and Net Profit increase. Even the future looks good as quoted from the financials; "All of AGT’s golf courses are located in Japan and due to the gradual recovery of the Japanese economy, the number of golf plays has been stable, especially among those golf courses located in the metropolitan areas. This trend is expected to be stable. Despite the downtrend in Japan’s population size, the number of plays per golfer has been increasing. This is due to 1) decline of cost per play as compared to previous ......