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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Which stock has given the best dividend yield so far in 2013?

Which stock has given the best dividend yield so far in 2013?

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Redbulls


Director - Equity Analytics
Director - Equity Analytics
@Dileepa wrote:
@hariesha wrote:Which stock has given the best dividend yield so far in 2013? It's surprisingly not in the regular list.
If you are just looking at the dividend yield, here is the top 10.
Which stock has given the best dividend yield so far in 2013? - Page 2 Div_to10
There are 36 companies which have yielded over 5% so far this year

CTLD 15.60% How come?


CTLD Dividend declared (irrespective of FY) in 2013 = Rs. 3.10

CTLD 52 Weeks High Rs.36.00 Low Rs.23.50 Current Market Price Rs.31.00

Please clarify.

DIVIDEND ANNOUNCEMENT 18 December 2013
Date of Announcement: - 18.Dec.2013
Rate of Dividend: - Rs. 1.10 per share / Interim Dividend
Financial Year: - 2013/2014
XD: - 30.Dec.2013
Payment: - 07.Jan.2014
Share Transfer Book Open


DIVIDEND ANNOUNCEMENT 04 September 2013
Date of Announcement: - 04.Sep.2013
Rate of Dividend: - Rs. 1.20 per share / Final Dividend
Financial Year: - 2012/2013
Shareholder Approval: - Required
AGM: - 03.Oct.2013
XD: - 04.Oct.2013
Payment: - 14.Oct.2013
Share Transfer Book Open

DIVIDEND ANNOUNCEMENT 08 February 2013
Date of Announcement: - 08.Feb.2013
Rate of Dividend: - Rs. 0.80 per share / Interim Dividend
Financial Year: - 2012 / 2013
XD: - 19. Feb.2013
Payment: - 26. Feb.2013
Share Transfer Book Open

Dileepa


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Redbulls wrote:
CTLD 15.60% How come?


CTLD Dividend declared (irrespective of FY) in 2013 = Rs. 3.10

CTLD 52 Weeks High Rs.36.00    Low Rs.23.50   Current Market Price Rs.31.00

Please clarify.

DIVIDEND ANNOUNCEMENT    18 December 2013
Date of Announcement: - 18.Dec.2013
Rate of Dividend: - Rs. 1.10 per share / Interim Dividend
Financial Year: - 2013/2014
XD: - 30.Dec.2013
Payment: - 07.Jan.2014
Share Transfer Book Open
   

DIVIDEND ANNOUNCEMENT   04 September 2013
Date of Announcement: - 04.Sep.2013
Rate of Dividend: - Rs. 1.20 per share / Final Dividend
Financial Year: - 2012/2013
Shareholder Approval: - Required
AGM: - 03.Oct.2013
XD: - 04.Oct.2013
Payment: - 14.Oct.2013
Share Transfer Book Open

DIVIDEND ANNOUNCEMENT   08 February 2013
Date of Announcement: - 08.Feb.2013
Rate of Dividend: - Rs. 0.80 per share / Interim Dividend
Financial Year: - 2012 / 2013
XD: - 19. Feb.2013
Payment: - 26. Feb.2013
Share Transfer Book Open

http://markets.ft.com/research/Markets/Tearsheets/Summary?s=CTLD.N0000:CSE
--------------------------------------
Annual div (TTM) 4.68 LKR
Annual div yield (TTM) 15.55%
--------------------------------------
FT data is for TTM. Is the 4.68 figure wrong?  scratch

Redbulls


Director - Equity Analytics
Director - Equity Analytics
Seems to be wrong.

From their Annual report 2012/2013 Page 40 (calculation may be based on FY Dividend yield)

Which stock has given the best dividend yield so far in 2013? - Page 2 Ctld10

Dileepa


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Redbulls wrote:Seems to be wrong.

From their Annual report 2012/2013 Page 40 (calculation may be based on FY Dividend yield)
I think there is a problem with their data gathering program.
My guess is they have mistaken 24 August 2012 and
17 August 2012 announcements as two separate dividends.
Also TTM is wrong.
2012 August announcements should have been ignored at the first place.

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
will any bank declare an interim dividends before the end of the year?

The Alchemist


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Dileepa wrote:
@Redbulls wrote:Seems to be wrong.

From their Annual report 2012/2013 Page 40 (calculation may be based on FY Dividend yield)
I think there is a problem with their data gathering program.
My guess is they have mistaken 24 August 2012 and
17 August 2012 announcements as two separate dividends.
Also TTM is wrong.
2012 August announcements should have been ignored at the first place.

i think what has happened is that CTLD has considered the dividends they have declared during FY 2012/2013 as the total dividend irrespective of the FY it was declared for.

for FY 2012/2013
on 24th August 2012 , they declared 0.80 cts.
on 8th Feb 2013, they declared 0.80 cts.
price as at 31st March 2013 was rs 24.10.
therefore, dividend yield is 0.80 + 0.80 divided by 24.10 = 6.63 %

on 4th Sep 2013, they declared Rs 1.20 as a final for 2012/2013 but perhaps incorrectly declared for 2012/2013 (maybe it should be an interim for 2013 / 2014 or maybe not also for tax reasons).
now on 18th Dec 2013, they have declared Rs 1.10 an interim for 2014/2014.

The point of all this is that, if we are going to determine the best dividend yielding stocks for say 2013, firstly we have to decide on whether time period is the calendar year i.e. Jan to Dec 2013 or FY Apr 13 to Mar 14.
then we have to take all dividends declared during that year / period and divide by base price at start of that year / period i.e. Jan 2013 or Apr 2013.

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
@The Alchemist wrote:

then we have to take all dividends declared during that year / period and divide by base price at start of that year / period i.e. Jan 2013 or Apr 2013.

Usually Dividend Yield calculate with current market price.
http://en.wikipedia.org/wiki/Dividend_yield

The Alchemist


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Redbulls wrote:
@The Alchemist wrote:

then we have to take all dividends declared during that year / period and divide by base price at start of that year / period i.e. Jan 2013 or Apr 2013.

Usually Dividend Yield calculate with current market price.
http://en.wikipedia.org/wiki/Dividend_yield

Agreed. that is the Current Dividend Yield.

however, this thread title is "which stock has given the best dividend yield so far in 2013", technically taking the current price and past dividends during year creates a mismatch in actual yield, due to time, and is not an accurate measure of performance, although it is the accepted format.  

i feel that when we are looking back, like now in end 2013 to see what were the best dividend yielding stocks in 2013, we must consider Jan 2013 base price as the denominator in the dividend yield calculation.
the current stock price should reflect forward looking dividends as an yield indicator.

hope this makes sense. just my opinion anyways. no big deal !

Leon


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Gaja wrote:will any bank declare an interim dividends before the end of the year?


why we had HNB already. I received 1.50 per share. NDB also declared an interim dividend.

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
@Leon wrote:
@Gaja wrote:will any bank declare an interim dividends before the end of the year?


why we had HNB already. I received 1.50 per share. NDB also declared an interim dividend.

If am not mistake comm generally declare 2nd interim dividend on either in dec or jan

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
@The Alchemist wrote:
i feel that when we are looking back, like now in end 2013 to see what were the best dividend yielding stocks in 2013, we must consider Jan 2013 base price as the denominator in the dividend yield calculation.
the current stock price should reflect forward looking dividends as an yield indicator.

hope this makes sense. just my opinion anyways. no big deal !
Agreed.

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