Wednesday, February 1, 2012

Quick Money from Dividend Distribution -PIX.

Remember on January 13, 2012 i have posted an article about how to make quick money? During that period of writing, i have indicated that if you were to invest in Public Index Fund then @ RM 0.7286 a unit, and should Public Mutual Bhd declare a dividend of 5 sen a unit, you would walk away with an investment dividend yield of 6.50%. Of course, at that juncture i had made an assumption that the-would-be dividend is 5 sen a unit (based on historical data in hand).
Now, sitting on my chair at my writing desk while typing some other phrases (time on the wall-clock shows 9.55pm), i received an email telling me that Public Mutual had made a dividend declaration for 4 of its funds with financial year ending January 31, 2012. The other 3 funds didn't catch my attention so much compared to the Public Index Fund (PIX) which qualified for 6.25 sen a unit.
I have assumed 5 sen but in reality this fund had a dividend declared 1.5 sen more, which is 6.25 sen, wow!
That piece of information was so delightful because if anyone had invested into PIX prior to January 31, 2012, he/she would have been happy to have received a dividend yield of 8.20%!! Please see the illustration below for better understanding.

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