Under March and April months category, MIIF now is a chart topper in both ROC and absolute dividend amount. MIIF gives a wonderful surprise by declaring higher dividend rate versus same period in 2011. The top five preference ranking in terms of both ROC and absolute dividend amount have the same stocks components. My personal preference is on the absolute dividend amount. Though CapitaRChina has a higher ROC comparing with Frasers Comm but the latter has a $34 more on dividend amount.
Back to MIIF again, l reckon almost all investors are caught off guard by the higher dividend rate. Its last done price in both this week and previous week stays at $0.585 and hence with $10k, an investor can get the same 17 lots shares. But if the investor have decided to park his $10k funds with other Reit stock and not with MIIF then it's really a harsh punishment as the latter's higher dividend rate means an additional $213 forgone.
previous journal :- Right Reit l Like - 17 Feb
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