Last year, Sozo gave a mere 1.8sen per share tax exempt dividend, and its share price suffered as a result. This time around, Sozo seems to have learned a lesson.
Sozo just announced proposed tax exempt first & final dividend of 3.8sen per share for FY2011. Base on the day of announcement on 30th April 2012 where its share price was at 52sen, its dividend yield is at an attractive 7.3%!
Last year, Sozo confirmed its dividend in early June and ex in August. From now on, Sozo's share price may continue to rise. Even if it is at 65 sen, it still have a decent 6% yield.
Sozo: Aim for 65sen
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