OUE Dividend

Woots

OUE finally annouced its imminent special  & interim dividend - 21 cents per share (date payable early Oct). Even though it is lower than what was expected, it still represents a 7.36% yield on my buying price!

At the same time, Q2 report was also released in SGX. Despite encountering a drop in profits - 63% in 1H, it still enjoyed revenue rise. The drop in profits was mainly due to increase in cost of sales - professional fees and legal fees, and affected occupancy rate in investment property (Shenton way). However, it doesn't really bother me as OUE is in the midst of striking a deal with new occupants. Soon after, related expenses will be reduced as well. So despite the drop in profits i don't think it is something that would make shareholders panic. - it still gave out dividends a few times this year

Will expect the share price to go up tmr despite its weak profits reported for 1H. The dividend yield is far too attractive for investors like me to resist.

Fortune favors the brave

SGBoy94