Rank: Member Joined: 3/26/2012 Posts: 830
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MugundaMan wrote:S.Mutaga III wrote:1 million invested in Safaricom on 23rd January 2009 is worth about 9.3 million today.
Initial buying price = Ksh 3.10 per share.
Current price = Ksh 24 per share.
The investor would have afforded about 320,000 shares. Dividends earned since then at 5% withholding tax are as follows.
2009 = @0.1 per share Ksh 30,400
2010 = @0.2 per share Ksh 60,800
2011 = @0.2 per share Ksh 60,800
2012 = @0.22 per share Ksh 66,880
2013 = @0.31 per share Ksh 94, 240
2014 = @0.47 per share Ksh 142,880
2015 = @0.64 per share ksh 194, 560
2016 (special dividend) = @0.68 per share Ksh 206, 720
2016 (final dividend) = @0.76 per share Ksh 231,040
2017 = @0.97 per share Ksh 294,880
2018 = @1.10 per share Ksh 334,400
Total Dividend Income = Ksh 1,717,600
Ksh 1,717,600 + (Ksh 320,000*24)= Ksh 9,397,600
1 million invested exactly 10 years ago in Safaricom is now worth 9.3 million assuming that the investor did not re-invest the dividends to compound returns. If he/she had compounded the returns i.e dividends, the return would be higher.
Unlike the stories given by journalists, you can verify this return at the comfort of your home in near precise shilling figures.
Happy Hunting. And 1 million invested in a squalid piece of land in Kakamega would have returned 171 BILLION to date so what's your point?  Let me put an end to this nonsensical debate you keep tagging me in. Real estate makes money. Stocks make money. This is not an either/or scenario. I personally invest in both and have made money in both. If you don't like stocks, that is understandable. Stick exclusively to property and let stock investors do their thing without dragging them into debates. A successful man is not he who gets the best, it is he who makes the best from what he gets.
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