BH Global first and final dividend 0.7 cents

BH Global Marine announced its results today.

Invested 10 lots in it last week and l have targeted my exit selling price at its unannounced dividend payout rate of 0.7 cents back then.  In the same week itself l have sold it off as it has hit my exit selling price.  So, l have actually already collected its first and final cash dividend payout of 0.7 cents.   The actual dividend payable date is not yet determined at the moment but l expect it to go ex-dividend in early April.

Of course its stock price has gone higher since last week but then that's not my main objective as l am really going after dividends and so l have set the exit selling price.

I have now free up the invested funds in BH Global so, l can now set my next target company for advance dividend payment. 
  

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BH Global Marine ends year in good shape with net earnings of S$12.9 million in FY2011

• New business segment, Engineering Services pushed up revenue and gross profit by 39% and 17% to S$143.4 million and S$39.1 million respectively

• Recommend first and final cash dividend payout of 0.7 Singapore cents per ordinary share, representing dividend payout ratio of 28.2%

• To tap into pockets of demand in Indonesia and Middle East through expanded portfolio offerings

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previous posting :- Investment activities - week ending 3 Feb