Excluding utility/infrastructure companies SIQ is one of the most reliable dividend payers on the ASX. At yesterday's close the $6.79 SP represents an approximate dividend yield of 8.2% if you include franking credits.
Given that it plays mainly in the government and semi government sectors and has an incredible strike rate of retaining major customers it is easy to understand why it will again be attractive as an acquisition target. The jewel in the crown is its capital lite business model that allows it to throw off high rates of free cashflow and turn that into fully franked dividends.
GLTAH and of course DYOR.
For full disclosure I bought some for the SMSF yesterday.
Cheers.....D
SIQ Price at posting:
$6.79 Sentiment: Buy Disclosure: Held
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