Q4---3.16bn

Yes indeed.
But results of SCBK , ABSA, EQTY, and NIC still outstanding .
Any of them can pull a surprise in terms of dividend or bonus issue.

How did you arrive at those figures? Looking at DY, COOP's is about 7% at current market price. Using the same metric, SCBK would match that with Ksh 9.3 Dividend, well below what they've traditionally given (even 2020 if you include both Div and bonus)

The mathematics is based on the issued number of shares for the respectively

NCBA issued shares is 1,497,745,029 so dividend per share has to be about 4 to surpass Co-op
SCBK issued shares is 343510571 so dividend per share has to be 17.2 to surpass coop.

Coop bank issued shares is 5,869,179,554 and they are giving dividend per share of ksh.1.

Multiply the number of issued shares by dividend per share to get the dividend payout.

@ Ericson wrote

DY is inconsequential in this case.
For stanchart a dividend of ksh.9.3 per share won't match.
Check on my response to vvs how I arrived at the calculation.[/quote]


DY (Dividend Yield) inconsequential ?????
For income (dividend / bonus) returns to shareholders ?

SCBK - something good must be on the way, that according to todays share behavior, all supply at 134 and 135 withdrawn, 133 all taken, now supply at 145 and 146

@young
Dividend payout is the total amount of dividends paid out to shareholders by a company.
In the NSE when Safaricom announced its full year results it's mentioned to be the company with the highest dividend payout in the NSE.
Case in point is in the past financial year,its dividend per share was ksh.1.40 and it's payout was ksh.56 billion.


Bonus is not used when calculating returns to shareholders.

Returns to shareholders is measured by
-Share buybacks
-Share price appreciation
-Dividends[/quote]


@young wrote:-

Well dear @Ericcson we are looking at it from different angles .
I as a non resident income investor is not interested on the hype of total pay out but the returns which is tied to DY.
Yes last year safaricom returned 1.40 dps on 56B payout and it was a major news.
The same year SCBK and ABSA returned a higher yield .
SCBK returned 12.5 bob cum 1:10 bonus . Cumulatively SCBK returned nearly 20% DY on the 148 bob price then. I enjoyed my dividend and sold the bonus at 130 bob then and this gave me a great income .
This year I guess SCBK will EITHER
pay
10 bob dividend (upon profit warning )

OR
Gives 5 bob dividend and another 1:10 bonus ( as they have just 344m shares)

For me is not the total pay out but total returns on my investment and this is tied to DY (bonus issue included)

The beauty of bonus issue is that your total unit purchased is still intact, you can sell the bonus bearing in mind that when market conditions improve post covid, you will enjoy capital gains from your original units.

@young wrote:-

Well dear @Ericcson we are looking at it from different angles .
I as a non resident income investor is not interested on the hype of total pay out but the returns which is tied to DY.
Yes last year safaricom returned 1.40 dps on 56B payout and it was a major news.
The same year SCBK and ABSA returned a higher yield .
SCBK returned 12.5 bob cum 1:10 bonus . Cumulatively SCBK returned nearly 20% DY on the 148 bob price then. I enjoyed my dividend and sold the bonus at 130 bob then and this gave me a great income .
This year I guess SCBK will EITHER
pay
10 bob dividend (upon profit warning )

OR
Gives 5 bob dividend and another 1:10 bonus ( as they have just 344m shares)

For me is not the total pay out but total returns on my investment and this is tied to DY (bonus issue included)

The beauty of bonus issue is that your total unit purchased is still intact, you can sell the bonus bearing in mind that when market conditions improve post covid, you will enjoy capital gains from your original units.
[/quote]

Bonus is a no for me because it doesn't give a good indication of the financial health of the company.
A company may issue a bonus instead of a cash dividend,share price dives to adjust for the additional shares then shut down tomorrow.
or
Increase the number of its shares which then fail to attract demand.This leads to a further fall in it's share price.For example Nation Media Group who are now "reversing" the bonus share issue of last year through a buyback.

In all the years I've been on the NSE, I've only observed and benefited from that trend with KK (decent buyout price) and Safaricom (capital gains). I would be happy to learn which other NSE counters you've observed with similar correlation (low DY. high returns).

PS: KCB has both good DY and capital gains, so it doesn't fall in that category.

I'm in EABL, and regrettably in the red from capital loss. Perhaps those who've held it much much longer than I share your fortune on this one.

I'm not in any of the others... I'll check them out, except Centum. Thanks.