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General Category => Off topic => Topic started by: marguerittereed on October 09, 2015, 12:58:19 pm

Title: Dividends - Rands or cent
Post by: marguerittereed 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 :wall: :wall: :wall:

Title: Re: Dividends - Rands or cent
Post by: Patrick 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!

Title: Re: Dividends - Rands or cent
Post by: Qess 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.

Title: Re: Dividends - Rands or cent
Post by: Fawkes85 on October 10, 2015, 05:34:24 am

Just divide the number by 100 i.e. 292.3025/100=R2.923025

Title: Re: Dividends - Rands or cent
Post by: marguerittereed 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
 :LHST: :LHST: