xxxxx wrote:I love WB but a dividend of 2.6 for a company trading at 130 or 150 is just careless. DTB should just declare a period of no dividends so its clear just like Centum did during Centum 1.0. That way investors are programmed to focus on capital gains.
"DTB should just declare a period of no dividends" You should propose that at the AGM.
"a dividend of 2.6 for a company trading at 130 or 150 is just careless" What would you call a share that trades at $300,000+ and pays zilch in dividends?
Question: If you know DTB's dividend policy is "stingy" and has been the case for years, if not decades, then why bother with DTB if you want a high dividend payout ratio?
BAT and BBK seem better suited for you.
Another is KCB with a decent payout ratio.
I have Centum whose dividend (vs PAT) is nothing to write home about. But I knew it going in. They retain "profits" to re-invest or pay down debt rather than have Rights Issues.
Another is Car & General. Lousy dividend vs PAT. Lousy for years. They retain "profits" to pay down debt, increase working capital and re-invest rather than have Rights Issues.
For both Centum and C&G, I focus on the Earnings Yield, NAV and potential future gains when they sell their "For Sale" investments.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett