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Thursday, January 21, 2010

Investment on Mapletree Logistics Trust for the long term is justifiable

On 28 Aug 2009, I added Mapletree Logistics Trust, onto my stock portfolio, with my main motivation for the stock largely for its high dividend yield.

Announcement by Mapletree Logistics Trust on 21 Jan 2010:

"Distribution of 0.84 cents per unit for the period from 18 November 2009 to 31 December 2009 comprising a taxable income component of 0.57 cents per unit, a tax-exempt income component of 0.16 cents per unit and a capital component of 0.11 cents per unit.

Date payable: 26-02-2010"


In just slightly more than a month, Mapletree Logistics Trust is already giving away 0.84 cents per unit. In 4Q09 alone, its distribution per unit (DPU) was 1.59 cents, which is 7% higher than 3Q 2009’s DPU of 1.48 cents. Comparing distributable income for 4Q 2009 of $32 million and that of 4Q 2008's, that is an increase of 12% year-on-year.

If I were to calculate the total dividends received from 28 Aug 2009 to 26 Feb 2010 (6 months) against amount invested as a percentage, that figure would approximate to be 4.7%.

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