If I was a smart as you, maybe .. but clearly not, which is why I am asking.. NZD says 7.22% but that's what it said yesterday and I don't trust NZX very far anyway. An Interim Dividend of 23c is about 3.1% @ $7.50 but how would you account for a final dividend?
Mr Beagle further up estimates say 23 cps for FY Div to come (usually December paid)
46.0 cps estimate FY Cash Div
add on Imputation credits 28/72 = 17.89 cps
Gross Div (incl Imp Credits) = 63.89 cps
SP say $7.50 currently
= 8.52 % approx Gross Div Yield (including Imputation credits)
NZX site looks to currently record theirs on earlier or last years historic dividends, and upcoming
April Div is not yet showing here as of now:
If I was a smart as you, maybe .. but clearly not, which is why I am asking.. NZD says 7.22% but that's what it said yesterday and I don't trust NZX very far anyway. An Interim Dividend of 23c is about 3.1% @ $7.50 but how would you account for a final dividend?
Gb - NZX 7.22% is calculated on the Sep20 and Dec20 dividends of 39 cents net.
NZX calc is always retrospective
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
If I was a smart as you, maybe .. but clearly not, which is why I am asking.. NZD says 7.22% but that's what it said yesterday and I don't trust NZX very far anyway. An Interim Dividend of 23c is about 3.1% @ $7.50 but how would you account for a final dividend?
NZX's 7.22% is calculated as the last year's interim & final dividends (cash + imputation credits) of 20.83c & 33.33c respectively = 54.16c on sp of $7.50 = Gross Div Yield 7.22%
For the next financial year, you will have to make your own estimate of what the final dividend is going to be to get the gross dividend yield.
If one takes a simplistic view that the final dividend will be 15% more like this interim dividend (23c vs 20c), then the prospective gross yield for F21 will be 8.2%.
I note that HLG is only paying out 70%* of EPS of 33c with this interim dividend of 23c when the company could have easily paid out (like previous years) 30c so I am picking a bumper 30c final dividend.
So I am calling it 9.8% gross yield for F21.
*HLG is right to be cautious (like in 2020) with the pandemic still out there and lockdowns being a possibility until everyone who wants to get vaccinated, gets vaccinated.
NZX's 7.22% is calculated as the last year's interim & final dividends (cash + imputation credits) of 20.83c & 33.33c respectively = 54.16c on sp of $7.50 = Gross Div Yield 7.22%
For the next financial year, you will have to make your own estimate of what the final dividend is going to be to get the gross dividend yield.
If one takes a simplistic view that the final dividend will be 15% more like this interim dividend (23c vs 20c), then the prospective gross yield for F21 will be 8.2%.
I note that HLG is only paying out 70%* of EPS of 33c with this interim dividend of 23c when the company could have easily paid out (like previous years) 30c so I am picking a bumper 30c final dividend.
So I am calling it 9.8% gross yield for F21.
*HLG is right to be cautious (like in 2020) with the pandemic still out there and lockdowns being a possibility until everyone who wants to get vaccinated, gets vaccinated.
I think there's a very good chance you'll be correct.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Originally Posted by gbogo
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