### Dividend conquer

The next thing I would concern myself with if I was investing the family savings in August 2006 or August 2011 and had my seer with me is

- Are those figures gathered for current dividend yield and indicated annual dividend of much use?
- if the value - and amount paid - is dependant on company performance, any percentage will vary accordingly
- if it is dependant on stockholder whim the amount will also change, only on a different measure
- the funds and such that appear in these lists may be middling, just offering high or low percentages for what is payable
- I don't think it hurts to know
*of*Taitron Components even if you're not going to base any of your share trading on this knowledge - So if I have shares in a company or as part of a Fund, does that figure translate straight out as a monetary figure i.e. I receive the amount of shares I hold x the dividend payment?

Let's say I have 32 shares in region (MORL), no, wait, 28 shares in

**Ennis, Inc.**Market capitalisation is $440.75m### Key stats and ratios

Q2 (May '16) | 2016 | |

Net profit margin | 7.39% | 6.28% |

Operating margin | 11.74% | 9.89% |

EBITD margin | - | 13.59% |

Return on average assets | 7.07% | 8.44% |

Return on average equity | 9.10% | 12.25% |

Employees | 6,018 |

37.94% x [figure used in calculation] x 28 each time there are dividends paid

investinganswers.com gives us a definition of Dividend Yield

So, OK, what's the Annual Dividend?

We've bought shares in August so we're too late for the seventh of July payment. In October 28 x 0.155 = $4.34

Breakdown of dividends to July 2016

(0.155 x 28) x 2 = $8.680

(0.175 x 28) x 15 = $73.50

(0.35 x 28) x 1 = $9.80

(1.675 x 28) x 1 = $46.90

Stock has held its value hovering around the fifteen dollar value and there's $138.88 in the coffers. This may not help definitionally but at least we know that our initial outlay of $493.36 is holding steady and we've pocketed a third of that again in a short space of time (if the minimum holding is five hundred, I imagine there would need to be shares held in some other venture to take us over the line or, of course, we could have bought 29 shares at that price taking us to a total then of US$510.98)

Market value is $62.3m according to one source. Google Finance (where we found the figure for Ennis) has market capitalisation of $63.48m

The next section doesn't apply as it's a Fund not a company

The amount paid in dividends, though, is certainly different.

(0.01778 x 20) x 1 = 0.3556c

(0.01607 x 20) = 0.3214c

(0.00999 x 20) = 0.1998c

(0.00887 x 20) = 0.1774

(0.00921 x 20) = 0.1842

(0.00984 x 20) = 0.1968

(0.00443 x 20) = 0.0886

(0.00317 x 20) = 0.0634

(0.0038 x 20) = 0.076

(0.00589 x 20) = 0.1178

(0.00332 x 20) = 0.0664

(0.00333 x 20) = 0.0666

(0.00219 x 20) = 0.0438

(0.0018 x 20) = 0.036

(0.0005 x 20) = 0.01

(0.00203 x 20) = 0.0406

(0.00114 x 20) = 0.0228

(0.00052 x 20) = 0.0104

(0.00066 x 20) = 0.0132

(0.00054 x 20) x 2 = 0.0216

(0.00012 x 20) = 0.0024

(0.00001 x 20) x 14 = 0.0028

(0.00005 x 20) x 17 = 0.017

(0.00148 x 20) = 0.0296

(0.0004 x 20) = 0.008

(0.00012 x 20) = 0.0024

A total of US$2.1746. Frankly, I'd rather deal with Buffett's Berkshire. He doesn't pay dividends; a lot less effort for greater reward. Keep your stinking two dollars seventeen.

*"Dividend Yield is a stock's dividend as a percentage of the stock price"***Dividend Yield = Annual Dividend / Current Stock Price**So, OK, what's the Annual Dividend?

We've bought shares in August so we're too late for the seventh of July payment. In October 28 x 0.155 = $4.34

Breakdown of dividends to July 2016

(0.155 x 28) x 2 = $8.680

(0.175 x 28) x 15 = $73.50

(0.35 x 28) x 1 = $9.80

(1.675 x 28) x 1 = $46.90

Stock has held its value hovering around the fifteen dollar value and there's $138.88 in the coffers. This may not help definitionally but at least we know that our initial outlay of $493.36 is holding steady and we've pocketed a third of that again in a short space of time (if the minimum holding is five hundred, I imagine there would need to be shares held in some other venture to take us over the line or, of course, we could have bought 29 shares at that price taking us to a total then of US$510.98)

### II

At the lower end of current dividend yield, we survey PowerShares VRDO Tax Free Weekly Portfolio (PVI). Let's assume we bought at current price and have secured 20 shares to a total of $497.80

The next section doesn't apply as it's a Fund not a company

The amount paid in dividends, though, is certainly different.

(0.01778 x 20) x 1 = 0.3556c

(0.01607 x 20) = 0.3214c

(0.00999 x 20) = 0.1998c

(0.00887 x 20) = 0.1774

(0.00921 x 20) = 0.1842

(0.00984 x 20) = 0.1968

(0.00443 x 20) = 0.0886

(0.00317 x 20) = 0.0634

(0.0038 x 20) = 0.076

(0.00589 x 20) = 0.1178

(0.00332 x 20) = 0.0664

(0.00333 x 20) = 0.0666

(0.00219 x 20) = 0.0438

(0.0018 x 20) = 0.036

(0.0005 x 20) = 0.01

(0.00203 x 20) = 0.0406

(0.00114 x 20) = 0.0228

(0.00052 x 20) = 0.0104

(0.00066 x 20) = 0.0132

(0.00054 x 20) x 2 = 0.0216

(0.00012 x 20) = 0.0024

(0.00001 x 20) x 14 = 0.0028

(0.00005 x 20) x 17 = 0.017

(0.00148 x 20) = 0.0296

(0.0004 x 20) = 0.008

(0.00012 x 20) = 0.0024

A total of US$2.1746. Frankly, I'd rather deal with Buffett's Berkshire. He doesn't pay dividends; a lot less effort for greater reward. Keep your stinking two dollars seventeen.

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