It has been about 4 years since I looked at Accordia Golf Trust (AGT) as an investment proposition. Many things have changed since then and I wondered how it has fared since then.
What has Changed
Dividends- The dividend history of AGT has shown there is a slight decline in dividends. Below is the dividend history.
From the cashflow statement for FY2018, AGT gave out JPY$3.4 Billion in Dividends. With the recent release of dividends which is about 2% lower, one can reasonably expect another JPY$3.3- 3.4 billion in dividends provided to investors. However, the question begs- Is the Dividends Sustainable?
In terms of Cashflow wise, it does seems sustainable because AGT is producing about JPY$10 billion in