We recommend buying GPT & WFD and placing a stop-loss orders below the recent support levels, indicated on the relevant charts below.
Investors may prefer to hold the position and sell call options to enhance the income, whilst staying exposed to the next round of dividends.
GPT will pay $0.123 dividend on 29th June.
WFD will pay $0.16 dividend on 11th August.
Author: Leon Hinde
Leon has been working in the financial services industry for 18 years in management and advisory roles. Leon has extensive experience in general advice and dealings involving securities and derivative financial products.
PS 146 Securities & Derivatives, ADA 1 & 2 accreditation, Responsible Manager Certificate. Leon is authorised to provide financial product advice and deal with respect to the following financial products:
· Deposit Products
· Interest in managed investment schemes; and
· Government debentures, bonds and stocks