The JSE and finance forum for South Africa
General Category => Shares => Topic started by: marguerittereed on December 14, 2015, 11:22:50 am
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The best dividend paying penny shares on our market right now
Company Name Sector Dividend Yield
ACCPROP Real Estate Investment Trusts 8,71%
ALTRON Electronic & Electrical Equipment 5,64%
AMECOR Electronic & Electrical Equipment 8,42%
ARGENT General Industrials 6,50%
ARROWA Real Estate Investment Trusts 8,45%
ASCEN A Real Estate Investment Trusts 5,66%
COGNITION Software & Computer Services 6,22%
COMAIR Travel & Leisure 5,98%
DELPROP Real Estate Investment & Services 11,67%
EQSTRA General Industrials 18,46%
FAIRVEST Real Estate Investment Trusts 9,16%
HULAMIN Industrial Metals & Mining 6,11%
INSIMBI Industrial Metals & Mining 5,36%
ISA AltX 5,56%
M&R-HLD Construction & Materials 6,33%
MAZOR Construction & Materials 5,83%
NEDBANK-P Preference Shares 8,89%
PAN-AF Mining 7,64%
PRESCIENT Financial Services 5,91%
SA CORP Real Estate Investment Trusts 8,02%
SAFARI Real Estate Investment Trusts 8,24%
TEX Real Estate Investment Trusts 11,30%
TOWER Real Estate Investment Trusts 9,86%
VALUE Industrial Transportation 6,30%
VERIMARK General Retailers 12,73%
WINHOLD Support Services 7,00%
Average 8,08%
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Correct me if I am wrong, is the DY not based on past dividends, not future. Cannot see Altron with a share price of R5.00 still paying a dividend.
But I might be wrong.
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Correct me if I am wrong, is the DY not based on past dividends, not future. Cannot see Altron with a share price of R5.00 still paying a dividend.
But I might be wrong.
You're right, yield is based on the last year. That's why the STXDIV kept loading up on African bank as the share price crashed. It's yield kept climbing. A total disaster of note!
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The DY for small caps are very (sometimes even extremely) volatile, so the above list needs to be taken with a pinch of salt.