One
of my readers asked me a good question about my latest screens. Here is what he
wrote:
“I am new at
this and trying to learn. Your site is very helpful. From your post:
41 Top Yielding Stocks with Ex-Dividend Date In
May 2013
I do not
understand the reported yield for Southern Copper. Most all sites I see report
dividend 2.42%.
|
ARR
|
ARMOUR Residential
|
13-May
|
30-May
|
17.09
|
|
HRZN
|
Horizon Technology Finance
|
16-May
|
17-Jun
|
13.91
|
|
SCCO
|
Southern Copper
|
6-May
|
21-May
|
11.75
|
|
FULL
|
Full Circle Capital Corporation
|
29-May
|
14-Jun
|
11.73
|
|
FSC
|
Fifth Street Finance
|
13-May
|
31-May
|
10.87
|
|
STB
|
Student Transportation Inc
|
29-May
|
17-Jun
|
8.88
|
Thanks“
That's an error in my screening
database. Sometimes it needs time to update the yield lists with current
dividend payments. If a company pays a much lower dividend in the future or
they paid special dividends, the yield explodes but on the new basis its a
normal value. Here is the dividend history of SCCO: Long-Term Dividend History of
SCCO. I think the $2.75 extraordinary payment causes the error.
SCCO has a yield of 2.42% based on
a $0.8 annual dividend.
If you like you can also read my
post about "How
to predict the future Dividend".
If you have any further
questions, to not hesitate to contact me. If you like my answer, please give me a Facebook
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