Dear readers, in today’s post, we will reveal the name of the Straits Times Index (STI) stock which offers the highest 12-month dividend yield. Yes, dividend yield, the other yield beside capital appreciation that many investors are seeking. But amidst the current stock markets backdrop, I am not sure how many investors seeking dividend yields or have their strategies based on dividend seeking strategies have moderated down their expectation?
The STI stock with the highest 12-month dividend yield right now is Capitaland Integrated Commercial Trust. The 12-month dividend yield of the trust is now at 5.7%. Year 2021 to-date, the year-to-date return of the trust is -3.9%.
Fundamentally, the trust is not undervalued as its Price-to-Book ratio is 1.023. At the current price of $2.06, the trust is now almost 20% below its 52-week high of $2.55. The trust last closed 2.37% lower on 19 Feb 2021.
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