amandasmsf,
I doubt it, I suspect that someone has done the numbers on yield and wanted a position or they saw London City as potentially driving the SP up.
At $1.50 a share the yield is 4.00% paid biannually and based on the performance of the business there is upside to the dividend in that the board has stated 60% payout and based on last years result they could potentially pay a $0.08/share dividend taking the yield to 5.33% and potentially higher if another buyback occurs.
Ann: Net Tangible Asset Backing - November 2019, page-3
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$3.11 |
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Mkt cap ! $90.17M | |||
| Open | High | Low | Value | Volume |
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|---|---|---|
| $3.30 | 10000 | 1 |
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