I opened my email a while ago and found something that made me smile. One mail was titled “Notice of Cash Dividend – TDY.” It was my first cash dividend for 2012, cash dividend from owning Tanduay Holdings Inc. (TDY) shares. I checked my online stock brokerage firm account and there it really was, the amount credited to my account. I knew it was coming but I totally forgot about it.
Ex-date was 02 January, 2012 and payable 01 February, 2012 with a cash dividend of 0.20 PhP/share. After 10% withholding tax, this equates to more than 4% return. Not bad considering that I didn’t have to work “hard” to earn it. It was purely passive income! If I had put the money in the bank instead of investing it in the stock, the return would have been a measly 0.50%. Not to mention that the Philippine inflation rate for the month of January 2012 was 3.9%!
So to those holding TDY shares out there, cheers! ^_^