A review of my call made one year ago. The stock price is close to $62, which represents an annualized return of more than 20% (including dividend). If investors are to hold on to this position, forward dividend yield is c. 3.3% while sitting on a buffer of 20%. I think it is a good position to hold in view of the dividend yield. Going forward, the company is expected to increase dividend payout and this annualised yield will only rise as well.
Hope some of you were able to make some good money from this position.