WAX 1.26% $1.21 wam research limited

I sold most of my WAX (I keep enought to reduce my clerical...

  1. 10,422 Posts.
    lightbulb Created with Sketch. 1152
    I sold most of my WAX (I keep enought to reduce my clerical activities when I rebuy) just before it went ex div. My buy price for them was a little over a dollar so I made a great profit for that 6 months. I have now bought back in at about $1.05 and might again sell before it goes ex div if the capital gains on what I just bought is over 10 cents for the six months, but if it is not, then the dividend yield (with a solid dividend reserve) is very much worth having even if there is no capital gain in the share price. In fact, long term WAX holders have done VERY well.
 
watchlist Created with Sketch. Add WAX (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.