Hyflux 6% CPS    Last:65.37   -

Hyflux 6% CPS 10

NOTICE OF CLOSURE OF BOOKS FOR 6% CUMULATIVE NONCONVERTIBLE NON-VOTING PERPETUAL CLASS A PREFERENCE SHARES (TRADING NAME: HYFLUX 6% CPS 10) (?PREFERENCE SHARES?)

The preferential dividend will be paid on 25 October 2013.NOTICE IS HEREBY GIVEN that the Share Transfer Books and Register of Preference Shareholders of Hyflux Ltd (the ?Company?) will be closed on 14 October 2013.

 

Shock to see Hyflux 6% ended the day up almost 7%.

 

No doubt the company will pay you 6% dividend annually unless the company goes bankkrupt. 

But I don't understand why people willing to buy this share around  or above $106.  You will have to wait for at least 2 years to gain your 6% dividend as profit as the first year dividend merely to cover your cost.

Any thoughts?