Rank: Member Joined: 7/14/2011 Posts: 171
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Murang'a wrote:guru267 wrote:Murang'a wrote:BGL wrote:guru267 wrote:BGL wrote:guru267 wrote:Share capital as at 31 Dec 2013 = 692,570,359
Proposed dividend as at same date = 61,826,149 (9%)
Someone explain to me how this will be pro rated because I don't get it??
Mme guru267 you are VERY wrong! I have been on this thing since 2010. To prove it i will (if you want) send you financial statements from 2009 and you can explain the variance between the calculated dividends and the paid dividend. This variance is brought about by the prorating that i am talking about it. To begin with in 2013: this 9% you are quoting has a variance of 505,183 as a result of pro ration If someone wants these financial statements put email here and do your calculations. FYI it is only on 2011 when UNAITAS was under investigation from CMA that the calculated dividend was equal to the paid amount here are my calculationsyear * share cap * 9% * proposed * variance 2013* 692570359 * 62331332 * 61826149* 505,183 2012* 404249805 * 36382482 * 31624690* 4,775,792 2011* 233080592 * 20977253 * 20977253* Nil 2010* 176475431 * 15882789 * 14118034* 1,764,755 2009* 107223076 * 9650077 * 8577846 * 1,072,231 Story mingi and still no explanation on HOW the pro rating is done! I guess ill just wait for my dividend cheque and see... Dividends have been PAID but if you are waiting for a dividend cheque you will wait for eternity. The dividend is in your dividend account and can be accessed from any UNAITAS branch in Kenya. Back to pro rating and how it is done. The opening balance (i guess you know what this means)....what you hold as at jan 01 earns full dividend which in our case is 9% For the payments made during the year The formula is Amount invested*9%*([12-x]/12)x = month you invested An Example: Lets assume Mme Guru and M. Bgl Inc both had 1Mn worth of shares by 31/12/2012.They both add 150,000 worth of shares in different times with Mme Guru investing in March and M. Bgl investing in Sept. While both will have 1.15million shares as at 31/12/2013 Mme Guru will earn more dividend (100,125) compared to M.Bgl (93,375) @ BGL please confirm if what you are saying is true. I have already called two guys who work in the sacco and they have confirmed dividends are paid the same way as NSE listed companies do. I highly doubt they are wrong because I have been depositing cash irregularly since 2011 and I always countercheck my dividends. Merçi  Bienvenue I guess the right word should have been 'de rien'. Bienvenue is welcoming a guest or someone on arrival. You kill bird...bird dead snake come.
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