Tuesday, 10 July 2018
Read? 10 Things We Learned From The 2018 Public Bank AGM
Read? Public Bank Is One Example Often Quoted by Investment Writers How Retail Investors Can Became Millionaire!
5. Public Bank has paid an increasing dividend since 2013. Dividend per share has increased from 58.0 sen in 2016 to 61.0 sen in 2017. Public Bank returned a total of 24% in 2017 including capital gains and dividends. If a shareholder bought 1,000 shares of Public Bank in 1967 and subscribed to all subsequent rights issues, his stake would now be worth RM4.6 million (148,938 shares at RM22.50 per share plus RM1.3 million in gross dividends) – a compound annual growth rate of 19% over the last 50 years.
RM1.3 million in gross dividends over last 50 years
Average gross dividend per year = RM 26K
Average gross dividend per year per share = RM 26 or about S$8.67
Just one stock!
In real life, such retail investors are outliers?
Anyone who has relatives still holding Public Bank and now millionaire based on just one stock?
How about Uncle8888's dream stock Kep Corp?
Over 50 years; may be half a millionaire?
Millionaire will be miracle. LOL!