Based on the latest information from SGX.com, the upcoming dividend payout from Nikko AM STI ETF (yes, they pay dividends if you didn’t know) is the highest ever. Looking at historical data, Nikko AM STI ETF has traditionally lagged behind SPDR STI ETF when it comes to dividend payouts.

Nikko AM STI ETF

October 2013 – $0.045
May 2013 – $0.035
October 2012 – $0.035
May 2012 – $0.030

SPDR STI ETF

August 2013 – $0.045
February 2013 – $0.040
August 2012 – $0.040
February 2012 – $0.055

 

If you have been monitoring Nikko AM STI ETF prices, you might find it interesting that on Ex-date (Thursday, 10-Oct-2013), the price promptly dipped by the dividend amount to $3.18 together with a massive volume of 1,219,800 shares changing hands. This is considered a huge deviation from the norm because the daily average volume (past 3 months) is only 79,000 shares.

Happy Indexing!

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