Is this 162-year-old JSE stock’s dividend safe?
Since the JSE All Share Index hit an all-time high earlier in January, the index is down around 9%. As a result, many JSE listed share prices have also fallen.
Now, as you know, when a company’s share price falls, its dividend yield rises. That means, there’s quite a lot of JSE stocks sitting on high dividend yields right now. One of these high-yielders is a 162-year-old transport guru.