obiero wrote:VituVingiSana wrote:obiero wrote:someone, anyone, other than my dear brother @Ericsson.. to explain how and why exactly on God's green earth, ABSA is trading at higher price than COOP! [5mks]
Dividend
Payout figure yes, KES 1.75 ABSA, KES 1.50 COOP. When it comes to dividend yield, is it actually not lower? Help a brother
Co-op dividend yield is actually lower than ABSA.
This points to a potential price correction in Co-op bank so that it's at par with peers or ABSA share price to go up to match that of Co-op bank.
Co-op bank dividend yield is also lower than that of NCBA which also paid a higher dividend in absolute value than Co-op bank in FY2024.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle