actuarywahisa wrote:Pesa Nane wrote:dividend Kshs. 0.60
Payable 31 July 2017
Closure 20 June 2017
AGM 20 June 2017, Panafric Hotel. 11.00 AM
Good performance, absolutely bogus dividend yield at current prices. It's almost doing a Centum. Very unexciting.
Even if they paid 100% of the EPS as a dividend, it's hard to compete with T-Bonds. Furthermore, the dividend yield is a function of price so either it is over-priced OR folks like its prospects hence the high price. Some firms e.g. Berkshire Hathaway don't pay dividends. Apple started paying dividends recently. Even Microsoft didn't pay dividends for years.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett