Notice of Cash Dividend - TDY

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! ^_^