A rare 10 and 10, page-19

Having watched KAM for a long time, I can't see it getting below 0.65 unless there is a move to reduce the dividend. The next dividend should be 4 or 4.5c. If it dropped below that then investors may get nervous. But as I've said before there has been some good div stability over the last 2 years. It's just that there is no guaranteed return (unlike similar funds listed - CTN which trades higher but has lower return). Based on the div remaining close to 8c FY then I'll continue buying under 0.80 (and a 10% + yield). Bell Direct has a 12 month forecast of 1.05.