A 6%+ yield stock to wait out the market
$GUANGDONG INV(00270)$ Is one of the listed entity of the Guangdong provincial government.One of its main earner is water supply concession to HK and greater bay area. It's second largest income stream is prime properties in Guangzhou cbd, high occupancy. This " boring" stock is now yielding 6.5%, going ex-dividend on the 27th of June, paying 0.4254HKD (nearly 4.5%). In this volatile times, looks like asafe stock to park your money ( & earn dividends while waiting it out). Of course please do your own research. For me a water monopoly for now looks reasonably safe
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- patricklowck·2022-06-15good to buy now??LikeReport
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