BPOSY - The Nest Egg Portfolio: The PostNL Dividend Yield Has Now Increased To 8.1%.
Introduction
Postal companies are still being ignored (or punished) by the market. Sometimes that’s deserved, but other times it seems to be more sentiment-based than fundamentals based. Yes, the ‘normal’ old-school post market is shrinking, but companies have been trying to tap into new sources of revenue (CTT Correios de Portugal (CTTPY) has started a bank), or are trying to improving the sorting and handling system to increase the volume of parcels.
Did you miss the previous edition of the Nest Egg Portfolio? You can re-read it here.
Portfolio update