A >30% DIVIDEND YIELD STOCK AT 52-WEEKS LOWS!
Dear readers, there is one stock which pays a dividend yield of more than 30% and is currently trading at around -75% off from its 52-weeks high as of 12 Apr 2019 prices.
The above was obtained from a stock screener which I conducted. And this stock is none other than Asian Pay Television Trust.
It goes without saying that this high dividend yield was possible because the stock price of Asian Pay Television Trust had plummeted for most part of the years to only rally in recent trading days.
I once had this Trust before, attracted at its very high dividends. But then looking at its lacklustre financial results, I knew that the high dividends would not be sustained or would be sustained by a falling share price. I have been correct. Recent rally could also be driven more by sentiments.
Here, sharing my earlier post once again in relation to investing for dividends. Join the emailing list to receive regular Financial and Singapore stocks newsletters too! Like" me on Singapore Stocks Investing Facebook page to receive all posts on your Facebook as well as read more articles. Follow me on Twitter too.