Sell @ $3.76
Contra off my most recent ones. Had bought quite a fair bit with every drop. Time to pare down and take some tiny profits so that I can buy back again on dips.. The date to watch out for is the xd ie. better play safe and clear all before that as yield is no longer attractive for longer term hold (unless we believe in their growth story).
To get 4% Yield (Using latest EPS),
- 80% Payout (FY13) => $3.75
- 75% Payout (FY14) => $3.51 or $3.68 (Assuming a 5% Growth in EPS)
The beginning of a possible target price idea for FY14… 😀