Dividend yield of 2.3% based on the RM 3 IPO price - is too low. Really need to review this stock again.
"However, the current dividend yield is not that exciting and though the yield, at 2% , should jump to 3% in one or two years, it may not be exciting enough" he added. Affin valued Astro's dividend yield for the financial year 2015 to be 3.1%, from the current 2.3% calculated based on the RM3 IPO price.
Source: The Star
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