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dont be fool by the dividend yield, why is it so high? because the share price drops, so the dividend yield is reflected based on that. Previously declared dividend value compared to the current stock price. The next quarter will be disastrous for the auto industry. The dividend (if any) will not be 16% (as mentioned above).
ah hui - yes of coz, if that is the level of dividend that can be paid. But it all depends on the profitability, if there is no profit, how to have consistent dy at 7 to 8%? i am all in for good dividend stock but many counters now showing high DY. i just want to share the info that DY looked higher is due these stock prices have dropped a lot. Not because they give high DY all these while
