To receive the interim dividend of 3.5 cents which would not be payable till around 10th of April. Thats nearly a 6 week wait. To add to that, you are making the assumption that they will be paying further dividends including next October and then the following April. In this market nothing is guaranteed.
If anything, i would suggest that there is a possibility of a 38% return on investment if you held for 14 months providing dividends continued in line with past performances and the shareprice had not decimated further. However it is not a given. They still have the servicing of debt to contend with.
Be thankful that they are paying a dividend this time around unlike many other companies who have decided to forgo the dividend to help conserve cash.
That is fact.
Cheers markco2
SSM Price at posting:
26.0¢ Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)