J#14: Save the date! This month we’ll publish our highest-yielding recommendation yet… a 20% yield.
This month’s recommendation has a current yield of a whopping 20%. Yes, you read correctly, a 20% yield!!
Better still, if you are a non-resident Australian taxpayer, your withholding tax rate is 0%. That is, the full 20% is cashed into your bank account.
They have one of the easiest balance sheets I have ever read. Just six asset line items and one liability. They have ZERO debt.
They manage nearly USD12billion of investors’ assets. It is a super easy company to understand and my fear, given the simplicity of understanding its business, is that you may find my research report as a “boring” read. I’ll see what I can do to engage my readership, but that said, please do not forget that one thing – its 20% yield (net of withholding taxes).
We are generally averse to investing in US companies as they levy a 30% withholding tax rate. This materially eats into your dividend (see journal #13). This recommendation, however, offers us an opportunity to access the US market WITHOUT paying the 30% withholding tax rate.
The recommendation has a solid dividend history. See table below. In the unlikely occurrence the company cuts its dividend payment, it is highly probable you will still bank a double-digit return in February 2021 when their dividends are declared. The company therefore has a large margin of safety to ensure you receive a double-digit yield.
The recommendation was found by my business partner, Tim Staermose. I analyzed it, and I liked what I saw. I would like to share what he (and I) do in trying to find these gems in my next journal with you and how I came to know of Tim and his great stock-picking skills. As usual, I eat my own cooking and have invested in the company.
We shall be delivering our third Free Special Report to our members on Friday, 21st August. You can register for an account at https://double-digit-dividends.com/register/
Please save the date!
Until then, happy dividend hunting!
Peter