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KCB scrip dividend
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Odiepe110
#1 Posted : Thursday, May 05, 2016 1:07:08 PM
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Ebenyo
#2 Posted : Saturday, May 07, 2016 7:57:14 PM
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Odiepe110 wrote:
https://www.kcbbankgroup.com/media/financial_reports/CIRCULAR_TO_SHAREHOLDERS.pdf


This means investors with less than 4000 shares will not qualify for scrip dividends?
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enyands
#3 Posted : Sunday, May 08, 2016 1:56:24 AM
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Ebenyo wrote:
Odiepe110 wrote:
https://www.kcbbankgroup.com/med...ULAR_TO_SHAREHOLDERS.pdf


This means investors with less than 4000 shares will not qualify for scrip dividends?
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Ericsson
#4 Posted : Sunday, May 08, 2016 7:21:33 AM
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@enyands
Those with less than 4000 will receive.What this means is nobody will get .5 shares e.g 34.5 will be rounded to 34 shares
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enyands
#5 Posted : Sunday, May 08, 2016 9:00:55 AM
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Ericsson wrote:
@enyands
Those with less than 4000 will receive.What this means is nobody will get .5 shares e.g 34.5 will be rounded to 34 shares



Now I'm more confusedLaughing out loudly
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Ebenyo
#6 Posted : Sunday, May 08, 2016 3:20:30 PM
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Ericsson wrote:
@enyands
Those with less than 4000 will receive.What this means is nobody will get .5 shares e.g 34.5 will be rounded to 34 shares


Enyands what happened? i thought the scrip dividend will be given as 1;1.this new formula will leave many with little scrip dividends.

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kripp
#7 Posted : Sunday, May 08, 2016 6:12:57 PM
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Existing 40 shares give you 1 new share from the scrip dividend.
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Aguytrying
#8 Posted : Sunday, May 08, 2016 8:23:57 PM
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The scrip dividend is 1 kes per share. So for example if one has 1000 kcb shares the scrip will be...
1000 shares x 1 kes = 1000 shs.

1000 divided by 38( the conversion price)
= 26.31 shares.

So 26 shares will be the scrip dividend in this case.

The investor's chief problem - and even his worst enemy - is likely to be himself
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mlennyma
#9 Posted : Sunday, May 08, 2016 8:48:41 PM
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Aguytrying wrote:
The scrip dividend is 1 kes per share. So for example if one has 1000 kcb shares the scrip will be...
1000 shares x 1 kes = 1000 shs.

1000 divided by 38( the conversion price)
= 26.31 shares.

So 26 shares will be the scrip dividend in this case.


alot of odd shares will be created
"Don't let the fear of losing be greater than the excitement of winning."
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Ericsson
#10 Posted : Monday, May 09, 2016 12:51:35 AM
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@Aguytrying;
You have forgotten the element of tax in your calculation.
Tax is 5% on script dividend
The calculation is as follows;
The scrip dividend is 1 kes per share. So for example if one has 1000 kcb shares the scrip will be...
1000 shares x 1 kes *0.95 = 950 shs.

950 divided by 38( the conversion price)
= 25 shares.

@mlennyma
Kazi kwako to normalise the shares to an even number or nearest 100.
There will be no rounding of to the nearest whole number.KCB also chose 38 to make its worse easier.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Odiepe110
#11 Posted : Monday, May 09, 2016 9:20:07 AM
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Joined: 4/23/2016
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Ericsson wrote:
@Aguytrying;
You have forgotten the element of tax in your calculation.
Tax is 5% on script dividend
The calculation is as follows;
The scrip dividend is 1 kes per share. So for example if one has 1000 kcb shares the scrip will be...
1000 shares x 1 kes *0.95 = 950 shs.

950 divided by 38( the conversion price)
= 25 shares.

@mlennyma
Kazi kwako to normalise the shares to an even number or nearest 100.
There will be no rounding of to the nearest whole number.KCB also chose 38 to make its worse easier.


Scrip dividend amounting to a decimal value will be paid in cash.....Furthermore one can elect to be paid the dividend in cash instead...What do you think of the coversion price??is it fair..Hope for the rights issue it will be better.
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Aguytrying
#12 Posted : Monday, May 09, 2016 8:49:13 PM
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Joined: 7/11/2010
Posts: 5,040
Odiepe110 wrote:
Ericsson wrote:
@Aguytrying;
You have forgotten the element of tax in your calculation.
Tax is 5% on script dividend
The calculation is as follows;
The scrip dividend is 1 kes per share. So for example if one has 1000 kcb shares the scrip will be...
1000 shares x 1 kes *0.95 = 950 shs.

950 divided by 38( the conversion price)
= 25 shares.

@mlennyma
Kazi kwako to normalise the shares to an even number or nearest 100.
There will be no rounding of to the nearest whole number.KCB also chose 38 to make its worse easier.


Scrip dividend amounting to a decimal value will be paid in cash.....Furthermore one can elect to be paid the dividend in cash instead...What do you think of the coversion price??is it fair..Hope for the rights issue it will be better.


Thanks Ericsson. Thats easier to calculate off head
The investor's chief problem - and even his worst enemy - is likely to be himself
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