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Gordon Gekko		#211 Posted : Saturday, May 03, 2014 9:10:33 PM
Rank: Elder Joined: 5/27/2008 Posts: 3,760		pleasecallme wrote: How are dividends calculated? Is it flat rate/prorated..? Say I purchase shares worth 20k in January and 30k in August, how much dividend will I get come next year? Lets say the rate is 10% Thanks! January contribution = 20,000 x 10% x 11/12 (it was held for 11 months) August contribution = 30, 000 × 10% × 4/12 (it was held for 4 months) Take the two amounts and remove withholding tax of 5% Dividend = 1,833.33
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guru267		#212 Posted : Saturday, May 03, 2014 9:24:24 PM
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi		Gordon Gekko wrote: pleasecallme wrote: How are dividends calculated? Is it flat rate/prorated..? Say I purchase shares worth 20k in January and 30k in August, how much dividend will I get come next year? Lets say the rate is 10% Thanks! January contribution = 20,000 x 10% x 11/12 (it was held for 11 months) August contribution = 30, 000 × 10% × 4/12 (it was held for 4 months) Take the two amounts and remove withholding tax of 5% Dividend = 1,833.33 @GG Sasa what is this?? There was 690m share capital as at 31 Dec! 61m (9%) was paid as dividend... Is that how dividend is calculated on the NSE?? DIVIDENDS SI KAMA INTEREST! Mark 12:29 Deuteronomy 4:16
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Gordon Gekko		#213 Posted : Saturday, May 03, 2014 10:18:04 PM
Rank: Elder Joined: 5/27/2008 Posts: 3,760		@guru, don't confuse shares and deposits. Dividends on shares are computed using amounts as at 31 Dec. Deposits are computed based on the period held by the sacco. All members have a equal number of shares, usually 20k for deposit taking saccos.
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guru267		#214 Posted : Sunday, May 04, 2014 12:26:13 AM
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi		Gordon Gekko wrote: @guru, don't confuse shares and deposits. Dividends on shares are computed using amounts as at 31 Dec. Deposits are computed based on the period held by the sacco. All members have a equal number of shares, usually 20k for deposit taking saccos. @GG seriously what are you smoking tonight?? The question is on buying shares and has nothing to do with deposits! Unaitas shares can be purchased over the counter and have nothing to do with deposits... Members DO NOT have equal number of shares! In other words one can be a shareholder and have no deposits and can have deposits and no shares! If they buy 20k of SHARES in January and 30k of SHARES in August they will have 50K SHARE CAPITAL as at 31st Dec. 10% OF 50K SHARE CAPITAL HELD AT 31ST DEC IS 5K! Simple.... Mark 12:29 Deuteronomy 4:16
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Gordon Gekko		#215 Posted : Sunday, May 04, 2014 10:43:58 AM
Rank: Elder Joined: 5/27/2008 Posts: 3,760		guru267 wrote: Gordon Gekko wrote: @guru, don't confuse shares and deposits. Dividends on shares are computed using amounts as at 31 Dec. Deposits are computed based on the period held by the sacco. All members have a equal number of shares, usually 20k for deposit taking saccos. @GG seriously what are you smoking tonight?? The question is on buying shares and has nothing to do with deposits! Unaitas shares can be purchased over the counter and have nothing to do with deposits... Members DO NOT have equal number of shares! In other words one can be a shareholder and have no deposits and can have deposits and no shares! If they buy 20k of SHARES in January and 30k of SHARES in August they will have 50K SHARE CAPITAL as at 31st Dec. 10% OF 50K SHARE CAPITAL HELD AT 31ST DEC IS 5K! Simple.... Phew, the ndom has worn off. Never mix it with miraa. So what was the quetion again? BTW, the stuff I smoked might be legal soon.... www.standardmedia.co.ke/...but-has-idea-come-of-age
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gatoho		#216 Posted : Sunday, May 04, 2014 1:23:13 PM
Rank: Member Joined: 1/1/2010 Posts: 518 Location: kandara, Murang'a		The CEo addressed the worshippers at Holy Family as the workers took the muhothi(Sunday collection).. couldn't help but wonder if that added to shares.. Foresight..
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yosie14		#217 Posted : Monday, May 05, 2014 7:23:45 PM
Rank: Member Joined: 12/17/2013 Posts: 118		gatoho wrote: The CEo addressed the worshippers at Holy Family as the workers took the muhothi(Sunday collection).. couldn't help but wonder if that added to shares.. @gatoho,wat was the message? KCB,NMG,PAFR
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jerry		#218 Posted : Tuesday, May 06, 2014 8:17:45 AM
Rank: Elder Joined: 9/29/2006 Posts: 2,570		yosie14 wrote: gatoho wrote: The CEo addressed the worshippers at Holy Family as the workers took the muhothi(Sunday collection).. couldn't help but wonder if that added to shares.. @gatoho,wat was the message? what a signature! The opposite of courage is not cowardice, it's conformity.
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Murang'a		#219 Posted : Wednesday, May 07, 2014 11:17:03 AM
Rank: Member Joined: 3/3/2014 Posts: 131		@guru I support your argument, Unaitas dividends are normally calculated on the basis of no. of shares held as per the books closure i.e 31st Dec regardless of when you bought them. Minimum shares is 100 and you can have shares but no deposits eg I have shares but my account balance is below 500. I usually set aside the cash that am willing to buy shares in the Sacco and place the money in fixed deposits such that they mature by early Dec and then I buy shares before their books closure. IMITATION IS LIMITATION
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yosie14		#220 Posted : Wednesday, May 07, 2014 11:32:25 AM
Rank: Member Joined: 12/17/2013 Posts: 118		Murang'a wrote: @guru I support your argument, Unaitas dividends are normally calculated on the basis of no. of shares held as per the books closure i.e 31st Dec regardless of when you bought them. Minimum shares is 100 and you can have shares but no deposits eg I have shares but my account balance is below 500. I usually set aside the cash that am willing to buy shares in the Sacco and place the money in fixed deposits such that they mature by early Dec and then I buy shares before their books closure. aiiii if this is the case then they conned me.My first purchase was in 2012 and the dividend I received last year was for 6 months since I invested in june.Its also possible they changed the policy KCB,NMG,PAFR
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