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.
3 times the dividend, page-3
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Last
$2.71 |
Change
-0.030(1.09%) |
Mkt cap ! $102.1M | |||
| Open | High | Low | Value | Volume |
| $2.70 | $2.75 | $2.70 | $76.60K | 28.00K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 997 | $2.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.76 | 186 | 1 |
View Market Depth
| Last trade - 16.10pm 06/08/2024 (20 minute delay) ? |
| TWD (ASX) Chart |