I confess to selling more than half my holding at $3.98 just a day or so before it went ex-div. So from my point of view the question is not 'why did it drop so much ex-div' but 'why did it go up so much before'. From July it increased in price by $1, going from around 8%+ yield to 6%+ in the process. I know the outlook was improving (a bit of a rarity in the current economy), but although reasonably solid TWD is not yet blue chip.
At around $3 I might top back up, but for now I'll hold and look for higher yield elsewhere (SWM 11%+ but at risk?, HVST 11%+ and solid?, or even an ALF/WMK at around 7%+ with market hedging). IMO TWD needs to offer at least 8% to be considered, so a price above $3 is only attractive if the dividend starts growing due to increased profitability.
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Last
$2.67 |
Change
-0.030(1.11%) |
Mkt cap ! $100.6M |
Open | High | Low | Value | Volume |
$2.67 | $2.67 | $2.67 | $29.37K | 11K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 2919 | $2.60 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.67 | 547 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 2919 | 2.600 |
2 | 4400 | 2.580 |
1 | 2000 | 2.550 |
1 | 3552 | 2.530 |
1 | 10000 | 2.510 |
Price($) | Vol. | No. |
---|---|---|
2.670 | 547 | 1 |
2.760 | 186 | 1 |
2.800 | 2778 | 1 |
2.880 | 250 | 1 |
2.990 | 3650 | 1 |
Last trade - 12.39pm 16/08/2024 (20 minute delay) ? |
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TWD (ASX) Chart |