I initiated back a new position in Vicom a few days ago at $5.67 for 6,600 shares.
I used to own this position in the past and divested this early last year when there are better opportunities. You can search the blog on the past Vicom articles I wrote.
This is not a huge position and am struggling to get more shares as liquidity is scarce.
After my divestment with Guocoland, my cash position increased quite considerably and I wanted to allocate some of those into dividend counters.
Vicom caught my attention after their latest quarterly results announcement especially with the dividend policy moved from 50% to 90%. Now, on first glance, it doesn’t look like they are increasing it that much after all. Last year, payout was already at 83.3% and the previous year it was at 80.4%. So bringing it up to 90% doesn’t seem …