16-07-2012, 11:14 AM
(14-07-2012, 10:38 AM)shanrui_91 Wrote: http://www.fairprice.com.sg/webapp/wcs/s...orporate=Y
https://orgnet.income.com.sg/uiGuide/gui...x?gde=3285
No longer for sales anymore, you can at most get $20 worth of share if you sign up as a member for fairprice. Heard the waiting list is extremely long if you want to buy more
"Applications for Income shares have been closed since December 2004. With surpluses accumulated over the years, we have sufficient financial resources to support our business growth. As such, we are not in need of additional capital"
I owned some Income Shares bought around 2004 and the dividends have been exactly as Shanrui has outlined. I wish to add that every interval of 5 to 10 years bonus shares may be declared. This can be taken as capital appreciation on top of the dividend.
Unfortunately they are not in need of extra capital at the moment but they may open their share subscription in the future.