Now is the right time to invest in

Receiving returns per day or week brings enormously higher returns per annum.

For instance, one investor on Monday snapped up stock A at Bt10 a share. The stock was scheduled to be posted XD yesterday, paying a dividend of 10 satang a share, meaning the investor obtained a dividend yield of 1 per cent in only one day, representing 365 per cent per annum.

Do not worry too much about the exdividend effect, a phenom¬enon in which the price of a stock falls on the first day the stock reach¬es its exdividend date or the first day the share purchaser is no longer entitled to receive a dividend. The share price historically returns to or exceeds what it was prior to the exdividend price in the nottoodis¬tant future.

For example, Siam Cement's closing price the day before it was marked XD on August 4 stood at Bt171 a share. The price fell to Bt166 on the XD date but eventually swung back to Bt171 on August 6 and Bt175 on August 7.

To ensure that investors do not lose out on dividendpaying stock investments, they should pick stocks with a promising outlook, and reading analysis papers from brokerage houses can help with this.

A Nation survey showed 58 interimdividendpaying securities reaching XD status for the period between August 21 and September 22, and they will offer dividend yields of 1.1114.89 per cent, based on this past Monday's closing price.

Demco will be the highest inter¬imdividendpaying stock in terms of yield at 14.89 per cent. It pays a cash dividend of 10 satang a share, accounting for 2.39 per cent, plus dividend stock with one share held for each new one representing 12.5 per cent in dividend yield.

Advance Information Technology will provide a dividend yield of 7.27 per cent. The comput¬ersoftware and equipment dis¬tributor announced an interim div¬idend of Bt1.25 a share, and the XD sign will be posted on the stock next Monday.

Four of the 58 companies will provide dividend yields of in the 6percent range. Steel Intertech, a supplier of metal sheet roofs and wallcladding material, will give a dividend yield of 6.81 per cent, and its XD date is scheduled for Friday. Univanich Palm Oil will yield 6.25 per cent, and its XD date is Friday.

Pacific Pipe and Samchai Steel Industries' dividend yields will be 6.09 per cent and 6.47 per cent, respectively.

Two of the 58 companies will give dividend yields in the 5percent range. S Pack & Print, a man¬ufacturer of paper boxes and car¬tons, will yield 5.44 per cent, with the XD sign posted on the stock next Tuesday. CSP Steel Centre will provide a 5.05percent dividend yield, with an XD date of August 29.

Another six securities will offer dividend yields in the 4percent range. Shin Corp will pay an inter¬im dividend of Bt1.15 per share, or 4.71 per cent, and the stock will be posted XD next Tuesday. GMM Grammy will pay 60 satang a share, or 4.55 per cent.

Global Connection, scheduled to reach XD date on Friday, will pay an interim dividend of 20 satang a share, or 4.17 per cent.

The Gold Property Fund (Leasehold) will offer a dividend yield of 4.07 per cent, and its XD date is Friday. CalComp Electronics (Thailand) and the Millionaire Property Fund will generate yields of 4.13 per cent and 4 per cent, respectively.

The remaining securities will provide dividend yields of 1.114 per cent.