Since my last post on Global Premium Hotels, it has announced its third dividend payout of S$0.0101. Coupled with the $0.002 cents for the last two payouts, total payout for FY2012 is S$0.0141. This translates into a dividend yield of 5.2 % (80% payout ratio of net profit after tax).
With my 52,000 shares, the DPU of S$0.0101 amounts to a nice final payout of S$525.20. XD on 17 April 2013.
Given the low price at which I bought the shares, there is greater potential for the shares to go upside than down, further in view that the share is still trading at a discount to its NAV of S$0.31. I will be holding on to the shares for a long while :)
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