As stated in my earlier post, Old Chang Kee trailing dividend yield was at 3.45% on 12 March 2017. It isn’t a very high yield (esp. as compared to the business trusts and REITs). So you may be scratching your head, wondering why I put this in the ‘dividend’ stock list.
However, in an environment of rising increase rates, whereby the normal yield of stocks is hovering around 2% to 3%, a 3.45% trailing dividend yield is actually not too shabby. In 2016, its dividend yield was a good 6.9%. And that is not excluding the rise in the share price since 2009.
Over the past 8 years, since 2009 to 2016, Old Chang Kee has distributed an average annual dividend totaling around 31 cents per share. Base on the charts below, the payout and yield aren’t exactly trending in a linear straight line, but there is ......