With dividend season starting
to come to an end for my portfolio, Car Sales today paid its dividend of 19.1c
a share.
Car Sales is a growing company
with exposure to a range of international markets (Thailand, Malaysia, South
Korea, Brazil and Indonesia) through its investment in iCar Asia Ltd (ICQ).
As I only purchased some of my
Car Sales shares recently before the ex-dividend date (Cut-off date to be
included in the dividend payment) I only received a payment of $58.63 instead
of a dividend payment of $100.
Shares in Car Sales are
currently yielding 3.43% which isn’t a bad return for a company with large
growth prospects. Although the company’s share price has traded in a tight
range over the last 12 months I’m happy to continue holding onto my investment
and also to reinvest my dividends in the company.
As I’m looking for the long
term growth and if Car Sales can achieve anywhere near the success they have had
in Australia in one of there overseas markets I expect the share price to
increase quickly.
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