Bought SPC @ ₱4.23

Bought some SPC Power Corporation (formerly Salcon Power Corporation) shares today at ₱4.23, with the hope that the dividend policy doesn’t change from last year (around 7.33% though irregularly at ₱4.09, as per the Filipino Investor site, and 13%?? as per the PSE Edge site). The PSE Edge site probably includes a special dividend from last year (2016) as MSN Money reports its dividend yield to be 7.11% and Reuters puts it at 8.85% (what’s going on here??) at today’s price. PE is around 6.82x with Price/Book of 0.79.

There hasn’t been any announcements when the next dividend payout would be, but it was in April and December last year.

At least I didn’t make the same mistake as I did with HOUSE. 🙂

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