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Dividends - Rands or cent
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Topic: Dividends - Rands or cent (Read 7900 times)
marguerittereed
Jr. Member
Posts: 63
Karma: +1/-1
Dividends - Rands or cent
«
on:
October 09, 2015, 12:58:19 pm »
The dividend declarations are very confusing, some companies will say 292.3025 cents, are these figures R292.30 or R29.23 or .29 cents. Very confusing for this newbie
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Patrick
Administrator
Hero Member
Posts: 2551
Karma: +47/-2
Re: Dividends - Rands or cent
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Reply #1 on:
October 09, 2015, 01:09:10 pm »
It's cents, the only difference would be foreign shares in US or UK cents.
And if you find a share that pays R292.30 per share on the JSE, please let me know, I'd want to buy it haha!
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Qess
I've just arrived
Posts: 10
Karma: +0/-0
Re: Dividends - Rands or cent
«
Reply #2 on:
October 09, 2015, 08:44:38 pm »
292.3025 looks like it will be R2.923025 per share. So, on 1'000 shares, you'll get R292.30 total.
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Fawkes85
Guest
Re: Dividends - Rands or cent
«
Reply #3 on:
October 10, 2015, 05:34:24 am »
Just divide the number by 100 i.e. 292.3025/100=R2.923025
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marguerittereed
Jr. Member
Posts: 63
Karma: +1/-1
Re: Dividends - Rands or cent
«
Reply #4 on:
October 12, 2015, 08:40:28 am »
Thank you that makes sense. I thought I would be very rich this month.. Can now go and buy some coffee!! haha
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The JSE and finance forum for South Africa
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Dividends - Rands or cent