This brings 9MFY2023 DPU to 5.23 cents, and likely full-year 2023 distribution to 6.2 cents, equivalent to a yield of 14% at the current unit price.
DBS Group Research has maintained its "buy" call and 57 cents target price on Keppel Infrastructure Trust (SGX:A7RU
) after it "surprised" investors with a special distribution.
Besides a regular quarterly distribution per unit of 0.97 cents, KIT plans to pay a special distribution of 2.33 cents, which brings the total for 3QFY2023 to 3.3 cents, equivalent to a "handy" 7.5% yield just for the quarter.
