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Do consider and compare the operating businesses between different shipping trusts before deciding which one is better. A higher annual distribution yield may not mean anything more than a lower distribution yield since distribution yield changes continually depending on the total annual DPU versus current unit price (unit price changes continually due to stock market action). The underlying economics of the shipping trust's business may likely determine which one is a better long term performer and can provide growing sustained distributions through the years. Personally, I don't know much about the businesses of shipping trusts, so cannot comment much on how to compare the businesses of different shipping trusts. Anyone who knows about shipping trusts' businesses willing to share here?
Yes. The trading price is in US$(missed this). Yield about 16%.
freeme ( Date: 05-Jun-2009 17:54) Posted:
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erm.. pct close at 0.245US cents x 1.44 = 0.35 SG cents
assume dpu = 0.0098US cents x 1.44 = 0.014 SG cents
Annual dpu = 0.014 x 4 = 0.056
Yield = 0.056/0.35 = 16%
??
PST - paid US$ 0.98 cents last quarter (assuming same going forward)
Annual DPU = 0.98 x 4 x 1.4458 = 5.6675 cents (S$)
today closing price = 24 cents
Yield = 5.6675/24 = 23.61%
Freeme is the boatman !
He know the % yield inside out !! FSL and Rickmer and then Pacific trust
freeme ( Date: 05-Jun-2009 15:47) Posted:
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r u sure is 24%.
currently the highest yield for shipping trust is FSL leh.
CHECK IT OUT!
PST paid SUPER DIVIDEND YIELD QUARTERLY.
Charter contract signed for 7 years with Parent holding company.
Annual Return is 24%.
Call PST Investor Relations to CONFIRM.