Sorry for a calculation error......Her current dividend yield should be around 13.5% based on total of $0.27 dividends per share given in 2008 and holding price of $2 per share. If she has inherited the shares lower than $2 per share which I think it is highly possible if her grandfather bought SPH shares many years back, then her annual dividend yield is more than 13.5% already (one of the best low risk stable investment returns around at her average holding stock price).

This is the miracle of stock investment. Investors are investing in the growth of a business and if the right business is selected to invest at an undervalued price and held for long term. This really makes it good for the investor to see the worth of his shares appreciate by many folds plus the dividends that have outgrow the initial dividends yield at his entry price years back. Egs. of such growth story is not fairy tale......Just look at Wilmar International that were below $1 per share some years back. Those investors that had invested in it at under $1 per share and still holding on to it's shares until now are already...............

Old man's stock slow and steady win the race. Stable and consistent dividends payouts due to mature underlying consumer monopoly business that support the dividends payouts. Even if the stock price don't cheong, it is already giving safe and good returns based on stable higher than average dividends compared with many other investment or savings products around (e.g. fixed deposits, unit trusts). Returns collected from dividends can be further reinvested into other stocks or investment products that potentially can provide better rates of return than SPH's annual dividend yield around 6% to 8%. This is low risk stable returns from a good company. 

What's the point of getting good rate of return in one year and then to suffer potential loss in another year from other higher risk forms of investments? Consistency at a comfortable rate of return may be afterall better in long term? Somemore, the girl who have inherited this stock from her grandfather is actually getting a golden goose that lays golden eggs considering the much lower stock price of SPH many years back and now giving this amounts of current dividends. Assuming her average SPH holding stock price is around $2 per share, her annual dividend yield is now around 17.5%. If her average holding stock price is even less than $2 per share, her annual dividend yield is more than 17.5% already. This golden goose may continue to lay golden eggs for her if she chooses to keep the shares over the future years instead of killing this golden goose prematurely (by selling the shares for one-time capital appreciation).

the good news is ...... the newspaper is getting thicker recently ! 

i am waiting eagerly for their december dividend, yet to be known, my guess is $180 for 1 lot..  :)