This translates into a cum-dividend
NAV of $260million prior to the approval and payment of a $5.4 million dividend.
This brings the total dividend payable to shareholders for the year ended 31st March 2019 to USD 12,268,590 -- equivalent to 4.54% of the share price and 8.65% of the cum-dividend
The left-hand side of Equation (1) represents the after-tax proceeds from selling the stock cum-dividend
and the right-hand side represents the expected after-tax proceeds from selling the stock ex-dividend.
ENBD REIT's second NAV since listing, which has increased by 1.74 per cent in the quarter, cum-dividend
, now stands at $292 million, ex-dividend and $1.15 per share.
ENBD Reit's second NAV since listing, which has increased by 1.74 per cent in the quarter (cum-dividend
), now stands at Dh1.074 billion ($292 million).
PRICE is cum-dividend
price of the firm's stock price three months after the end of the fiscal year plus its dividend per share for the year.
This, in our view, is also slightly positive for the name as the stock is trading cum-dividend
. In today's conference call we expect to hear 2010 production and cost guidance along with the pricing outlook for the reminder of the year.
The company's shares are traded cum-dividend
for the year 2008 for the last day today and the shares will go ex-dividend for 2008 on 15 June 2009.
where [P.sub.B] is the stock price on the cum-dividend
day, [P.sub.A] is the stock price on the ex-dividend day, [P.sub.C] is the stock price when bought, D is the dividend, [t.sub.o] is the dividend tax and [t.sub.c] is the capital gains tax.
Secondly, this study deletes firm-year observations with negative cum-dividend
price or negative sales per share because negative price and sales do not make economic sense.
Therefore, investors unload the stock cum-dividend
to market makers, who are compensated for handling the dividend by the dividend itself.