Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi James, Thanks for the commentary on lithium/renewables stocks today. I have been looking at ACDC for a while but haven’t bought yet. I note the last distribution was over $6 so it has a high historical yield however it looks as if previous dividends were much lower. I guess the underlying shares are focussed on capital growth rather than yield so do you think dividends at this level are sustainable? Thanks again Simon
Hi Simon,
MM holds the Battery, Tech & lithium ACDC ETF in our Global Macro ETF Portfolio and we still like the ETF after its pullback towards $80. As for yield, expect something like $1 pa, not $6 – I wouldn’t be considering the position from a yield perspective.
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