TSB dividend higher than the share price how come all I have heard about is a total of 20 cents including special dividend
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TSB dividend higher than the share price how come all I have heard about is a total of 20 cents including special dividend
OOps again thanks enigma = A$0.14 + A$0.06. Following is the bit from the announcment
Excluding the impact of these acquisitions, free cashflow grew 20%.
- A fully franked interim ordinary dividend of 14c per share has been
declared and is payable on 29 April 2005. This represents an increase of 8%
on the interim ordinary dividend declared in the corresponding period in the
prior year.
- A Capital return to shareholders comprising an off market share buyback of
$750 million was completed during the half year. A 6c per share fully franked
special dividend has been declared as previously indicated and will be paid
in conjunction with the ordinary dividend.
22/02/05
Shr Open Clse Divds Diff. Cumulative
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TEL 6.34 6.28 00.00 -0.06 +0.10
TLS 5.76 5.78 00.00 +0.02 +0.43
23/02/05
Shr Open Clse Divds Diff. Cumulative
------------------------------------
TEL 6.28 6.30 00.00 +0.02 +0.12
TLS 5.78 5.74 00.00 -0.04 +0.39
24/02/05
Shr Open Clse Divds Diff. Cumulative
------------------------------------
TEL 6.30 6.35 00.00 +0.05 +0.17
TLS 5.74 5.71 00.00 -0.03 +0.36
am i correct in in assuming for the nz tax payer the value of the TLS dividend is less than 50% of the value of the TEL div on an annual basis taking account of the unclaimable franking credits and the claimable imp. credits ?
i mean of course on a per share basis .
Would depend on your actual tax status I guess. I may just record the gross dividend when info available.
Gryffyn Australian companies usually only give out figures for cash dividend and on dividend statement the imputation amount so normally you have to calculate the gross dividend. Their Tax returm system is quite differentto NZ where you use gross dividend.
So from a NZ perspective the cash div for TLS would compare to the nett for TEL with NZ based holders gaining back the imp credits?