Friday, February 26, 2016

New purchase: TAL International (TAL)

Added 52 shares of TAL International (NYSE:TAL) at $10.25 per share. I now hold 96 shares of TAL. This purchase brings my average purchase price down to $17.36 per share and yield on cost was raised to 10.47%.

TAL International cut dividends at the end of last year, but yield is still very good and I have trust that current level of dividends is going to hold. Small risk is that TAL International is planning a merge with Triton Container International and the effects on the dividend after the merge are uncertain at the moment.


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