SJD - Power generator to pay up to 8% dividend yield - Small Cap Research
SJD, a subsidiary of Song Da Corp, is the operator of two hydropower plants with total capacity of 85.7MW. SJD’s total capacity will increase to 104MW in 2015 after consolidation with a third power plant and newly built fourth. SJD is likely to see higher profits on lower operating and financial expenses and completion of goodwill amortization this year. SJD has history of high dividend payout ratio; this year’s expected cash dividend of VND2,000-2,500 would translate to ~8% yield.