SMRT

[Temperament]

Ah!........ Papys can still pay up to 60% or 80% of profit, but the Dividend Yield may be lower and lower as the years go by.

due to share price increase or due to profit decrease?

I will say due to expense increases, thus profit decreases..

Sinkaporeans must always remember Papy's thinking that all Public's needs like hospital services, water & utilities etc...... So is SMRT and transport services will always be run like a business; as profitable as possible. Papy will always twist & tweak as much as the Public can bear to foot the bill and at the same time not losing the mandate to govern the people. Papy will sweeten the ground from time to time to pacify the people when it's too much for the people to bear. Like the recent GST rebate for some of the people. So how much the SMRT's dividend yield lost is due to less profit is still debatable in the long run. Don't forget PAPY is very good at "Let's do the Twist". In fact i think not in the long run but in the longer run SMRT's dividend yield will be comparable to some of the reits' yield, again. By that time i may be shareholder. Ha! Ha!