A lot of the movement i am putting down to simply getting closer to a dividend and with the dividends usually looking at quite high level % wise and fully franked I am thinking of buying more just for the dividend and then sell back down when dividend hold date has passed.
Rumoured to be between 6 and 9 cents but usually a little later in year, but think people are willing to lock in an expected 8-12% return now as the share usually moves just before the dividend announcement which is usually August.
Looking at last 4 years there is a trend overall to rise leading up to the announcement and then back off a little.
I am looking at topping up next week but have to clean out some others to free up more cash first. Hold this company simply as one of the best dividend stocks on ASX over last few years.
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