KPG was a gift under 80 cents, imo. Just depends on your horizon for the investment.
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KPG was a gift under 80 cents, imo. Just depends on your horizon for the investment.
Interesting that a number of brokers are projecting a cut to KPG's dividend in the next year or two. The most pessimistic seems to be forecasting an annual dividend of 5.2 cents. That still works out at an over 6% yield on yesterdays close (after tax) so still looks pretty attractive to me.
Hi all. My latest column published on my Substack, Just the Business, looks at the predicament some investors have found themselves in as a result of believing the "safe as houses" myth. The headline is: Investors learn the perils of property investment the hard way. And yes, it does look at the dividend - four different analysts say there's at least a possibility of it being cut.
And you can read it here: https://justthebusinessjennyruth.sub...ls-of-property
Not good for the company that once was called Kiwi INCOME Property trust
All these comments above ignoring what was said on the last earnings call. There is no danger of dividend being cut.
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