The new regulations from July 1, 2010 allow for dividends to be paid as long as a company is solvent.
WAA has out performed the market & if, as expected, there is a modest rise this year then dividends will continue to flow in an attractive way.
It is the dividend that should be attractive to most investors with a self managed super fund.
A discount to NTA is a variable that really has little effect over the final outcome for investors. As long as dividends continue to flow & WAA out performs the market, the other factors become irrelevant.
The WAA managers are very aware of the importance of dividends to investors & will pay dividends as long as franking credits are available.
WAA Price at posting:
$1.04 Sentiment: LT Buy Disclosure: Held
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