Not a particularly exciting addition to today’s list but a forecasted yield above 7% (unfranked) will probably interest a number of subscribers in today’s interest rate environment. SKI invests in utility assets in Australia qualifying it as a perfect defensive play because however bad things are in the years ahead we will all need electricity. Also as an additional positive note franking credits should start to increase from zero towards 50% over the coming years as tax payments increase.
SKI is in the watchlist for our Active Income Portfolio around $1.90.
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