in the CSE. Yielding 8 - 9% annually, this counter gives its dividends on the following month of every Quarter. As they are showing an EPS of 4.17 for the Quarter, they have announced a dividend of 3.50 per share. Year 2016 was a great year for the Chevron Shareholders. First they gave 6 rupees of dividends in April, soon after they did a 1 to 2 split, then in June they gave another dividend of 5 per share, then another 3.00 in July, then another 3.50 now. If you had bought a stock to have enjoyed all these Your yield would have been :
Stock Price 1 day before the XD Date of the April Dividend - 316.90
Then the Stock got split into 2, as such you have 2 shares at a cost of - 160.23 per share.
The Total of dividends you received - 6.00 + 5.00 + 3.00 + 3.50 = 17.50
The yield therefore is a decent 10.92%, almost 11%, this is the fixed deposit rate of some of the Banks.
Presently the counter is trending between 160 and 170, and traders will have to settle in trading within this cool 10.00 rupee gap, which works out to a return of roughly 4%, if you take it at 160.
This counter must be in your watch list, and will surely make you a lot of money if you patiently wait to grab it at 160 - 162 region as the performance can trigger a breakout above 170 in a good market.
Presently the MARKET SENTIMENT SUCKS, THANKS TO OUR WELL EXPERIENCED POLICY MAKERS...........
This counter can trade above 170 if investors react against the bearish sentiments visible at present.
Today's price will determine the direction.
No comments:
Post a Comment