Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Question for James' Saturday Q&A - although I might have missed the boat for this weekend! Given WPL and SIQ's recent good results, I'm wondering what MM would view as a good cum and/or ex dividend sell price range? As an income investor, I always find selling the hardest part of the cycle. Keep up the good work!
Hi Karl,
I wouldn’t be too hard on yourself when it comes being a “an average” seller, its without doubt the toughest part of the process for virtually all investors. Our thoughts on the two stocks mentioned:
Woodside (WPL) $27.95 – traded ex-dividend this week rewarding shareholders with a 69c fully franked dividend. However we wouldn’t be chasing WPL at this stage for its next dividend in August, there’s no rush with crude oil feeling ready for a decent pullback i.e. be patient + of course there will be BHP shareholders given WPL shares in May which means there could be some additional selling pressure.
SmartGroup Corp (SIQ) $8.19 – trades ex-dividend 49c fully franked (final & special combined) in early March and we like this stock at current levels from an income perspective – MM actually holds it in our Income Portfolio and we still think it’s one to buy.
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