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Want up to 30% dividend yield in 3 weeks? – Motley Fool Australia

If you want this 30% dividend yield then you have to act very quickly. This share goes ex-dividend on Friday and then it will be too late.

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Financial services company Thorn Group Ltd(ASX: TGA) announced on Monday it would pay a special 7.5 cents per share dividend on 3 November. At Tuesday’s closing share price of 25 cents, that represents a dividend yield of 30%. The Thorn share price goes ex-dividend on Friday. This means investors buying the share at or near 25 cents before Friday will get a payment of up to 30% in less than 3 weeks.
On publication of the company’s quarterly report, it stated that Thorn held $54.1 million of fre…

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