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Dividends
Am I missing something ( quite possibly, as I have had a nasty gastro bug which has "drained" me somewhat), but according to this site http://www.irg.co.nz/irgpages/pricerat.php for example the gross div yeild for for AIA says 5.3% based on the current close price (28th) 233c
Now AIA paid a total divi last 12 months of 8.7c per share which based on 233c gives 3.73% The 8.7c quoted is gross yes? so do not have make an allowance for tax to get a gross rate
Jay: I don't know the terminology or how it all works but
From my AIA records total dividend paid = 12.4285 cps
Div paid out 8.3271cps
RWT 0.3729cps
Imputation credit 3.7285cps
8.7cps is the total of paid dividend plus RWT - gives your 3.73% return
12.4285cps is with imputtion credit added in - gives the 5.33% return
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