Corporate News - SPC
Posted On Thursday, January 31, 2008 at at 9:01 AM by Finance AnalysisShares of Singapore Petroleum (SPC) rose as much as 3.8 percent to S$6.33 with 377,000 shares traded a dy after the firm said it had doubled its net profit in the fourth-quarter.
Singapore Petroleum Corporation just delivered another good set of earnings. Its been a very fruitful dividend stock for me. Overall, I am getting a yield of 13% on this investment this year. This goes to show that:
- The business is important
- The company operation is important
- The cashflow is important
- Valuation / Getting the right price is important.
Source: Investmentmoats