Ishr Em Div Share Price (SEDY)

A year on and this is more a capital gain story than an income story. Income has trended down, capital gains up. I will continue to hold, though I would prefer a recovery in the dividends.

SEDY still producing the dividend goods we're looking for. 90p for 2024, which is down from £1.04 in 2022, but that was from booming mining profits at the time. March saw a dividend of 12p, which is up from the 7p of last year. I note the Russian holdings are still on the books. Perhaps one day we'll get something back for those holdings currently marked at zero value.

After 1 year 9 months with 7 dividend reinvested I am finally sitting on a tiny 1% profit. Next ex-dividend date is 14/12/2023, payable on 29/12/2023. Current dividend yield is 8.76% at the current share price. I'll continue to hold but won't be re-investing the dividend as other companies such as M&G and Phoenix are paying 9%-10% dividends. Experts are divided as to whether a recession will hit us next year. My strategy is to buy high dividend (8%-10%) paying shares to live out any recession as well as holding some cash to take advantage of any drop in share price.

Well, the ship has steadied a bit. I have held my nerve and continue to hold. Will I regret it?....

I think this is an all-time low.