I’m currently doing an update on the balance sheet on my Dividend Stock Tracker and today am glad to have completed the telcos and the utilities.
MIIF’s data have been updated. This stock have sold of much of its asset this year and as of now majority of its utilities and infrastructure assets are in Asia.
Cash pile have gone up because of the sale but the operating cashflow have taken a hit. As you can see income is still negative and operating cashflow yield is low at 8.4% (even though they dun account for capex at MIIF level)
Its dividend payout have been reduced to 5.8% as well.
I run a free Singapore Dividend Stock Tracker available for everyone’s perusal. Do follow my Dividend Stock Tracker which is updated nightly here.
Subscribe to Investment Moats to Level Up Your Wealth Management Today
Join our mailing list to receive the latest news and updates from Kyith.