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Dileepa wrote:I think there is a problem with their data gathering program.Redbulls wrote:Seems to be wrong.
From their Annual report 2012/2013 Page 40 (calculation may be based on FY Dividend yield)
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.
