Building a Source of Dividend Income with MPI
To achieve my financial freedom, I have to build passive sources of income. A dividend income through stock is one way. I have to build one!
Marvin Germo said that if you are in a long term play, you have to buy and accumulate whenever the company price is cheap. As long as the company is earning money, buy as much as you can whenever it falls down in price.
COL Financials fair value estimate for Metro Pacific Investment (MPI) is at P8.01 per share. MPI is a holding company that is built through acquisitions and strategic partnerships with different known companies nationwide. With its presence in the water, transportation, and electricity business, MPI has diversified its business segments to becoming part of our daily routines. According to COL Financials, the current price reflects only it’s MERALCO investments, and the other businesses are discounted.
MPI is paying a dividend around P0.11 per share. With its current price of P4.70 per share, that is about 2.3% of the price you pay. It’s a good dividend income while expecting a capital gains along the way.
Disclaimer: This is not a recommendation. Do your own research before investing your money and take full responsibility of your decisions.