With the sale of Vicom and Valuetronics in late May and and early June, I was looking for replacement dividend counters. I decided to try out StocksCafe screener and set the following criteria.
Basically I am looking for a good company that provides a reasonable dividend now and has the potential to grow its dividend further in the future. With the above criteria, a list of 37 counters is generated (image at end of post). Some familiar names appeared, with a few that I have not heard off. I looked through the list and in the end put my money on the following counters.
Venture which I just vested last year and reading through the latest annual report and quarterly update, I continue to like what I am seeing. Good balance sheet with a strong net profit margin. And being one of the top 12 contract manufacturer of the world, I think it will continue to do well in the coming decade and hence able to maintain or increase its dividend. Bought at $16.09 and $15.62, my average price is now at $16.11, earning a yield of 4.3%
UMS seems to have turn the corner this year and has increased its dividend back to previous level again. For some reason, I do not have much luck with this counter, buying and selling at the wrong time for a few times in the past. Will it be third time lucky? I hope and think so if it can ride on the continue demand of semiconductor. Assuming, a total dividend of 4.5 cents, I am getting a yield of about 4.8% based on my purchase price of $0.94.
IREIT Global was not in my radar as it was just listed 3 years ago. Looking at its latest annual report, its average DPU over the past 3 years is 5.74 cents. With a yield of 7+%, I decided to dip my foot into it to observe how it will do in the next few years.
The last counter that I bought but did not appear in this list is SGX. At $8.20, it gives me a current yield of 3.6%. Not fantastic but it is rather stable with potential of increasing dividend in the future. Also since I am using CPF to buy, I do fancy my chance of getting more than 2.5% annually for the coming decade.
Towards Financial Independence 
Haha, wasn’t expecting that good movement. While bought for long term, still like the cheap thrill of seeing it go higher after buying.
Good list and good companies you bought. I bought IReit lately as well :-). You prompted me on Venture.
Very new to IReit. So only took small position to push me to find out more. Venture’s number look good and an incredible job done by the CEO to grow it to this size.
Indeed … Venture did well this week. I accumulated more Ireit at the 70 cents level 🙂