Charter Hall Education Trust (CQE) has declared the quarterly distribution to be paid at the end of the month on last Friday but I wanted to think over what to do over the weekend i.e. whether to get back into the stock. What I have concluded was that I have to keep watch of the payout ratio going forward, to make sure they can afford to pay these high dividend distributions on an on-going basis.
Given the distribution amount was slightly higher than what was being paid previously, I decided to buy back today. Couldn't ponder around for too long since the up-coming distribution will be missed if I wait till the end of the week, see key dates below:
Open Portfolio:
I've been trying to sell SRV since Friday but sellers kept jumping in front of my offer with lower prices, so got rid of it first thing at the start of the market open. A lot of the open profit was given back on this one as it fell fast and I couldn't sell in time. One positive is there was a 10c dividend that was paid during the holding period which made up for the slippage in getting out.
Closed Positions:
