At the begin of February Wereldhave announced a dividend reduction to fund internal projects. The dividend was reduced from €3,08 to €2,52. A reduction of 19%. As a result of the dividend cut the share price went down from €40 to €30. A correction of 25%. At a price of €30 the expected dividendyield is 8,4%.
Today I decided to buy 35 shares Wereldhave at a price of €30,73. The expected yield on cost of these shares will be 8,2%. With this purchase I add €88,20 in yearly expected dividend income to my portfolio.