Thanks correct, I don't currently chase yield as my number one priority. As I am semi retired I am more interested in TSR and generally that means it will come from share price growth and not so much from dividends. WMI has paid me a great fully franked dividend in the past year but as I was lucky enough to purchase it a little over 12 months ago @1.05 the share price appreciation even after cap gain cost has been the biggest part of my TSR. Going forward (i.e holding WMI ), I felt like dividends would now form the bigger part of TSR and I thought I may be able to make better TSR elsewhere ( i.e on stocks and other LIC's trading at a discount ) especially with WMI trading at a premium.
WMI Price at posting:
$2.06 Sentiment: Sell Disclosure: Not Held
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