Sino Agro Food Inc (fka SIAF)

[caffeinedrive]

Yes that's how it normally works. They pay the dividend they can afford and the market price will adjust to a 10+% yield or so. They should try to pay a regular dividend, and top it up with a special when they have a good year. If they are able to grow their cash flow in a predictable way that allows them to consistently raise the regular dividend, they market will reward them with a price that yields less than 10%.