Shares of Sydney Airport are down today as the company went ex-dividend and will pay shareholders 18 cents per share.
This pencils out to a yield of 4.8%.
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SYD has been in our Top 50 model portfolio since July 3rd and our ALGO engine triggered a buy signal on July 31st at $6.70.
With the 52-week high at $7.75, we believe there is a solid argument for owning SYD at or around current levels.
Sydney Airports
