Evento Fecha Límite Fecha Pago
DIVIDENDO DEF 54 $ 124,44 20/05/2011 27/05/2011
Google translation to English
Event Payment Deadline Date
DIVIDEND DEF 54 $ 124.44 20/05/2011 27/05/2011
peso conversion 468
124X15 shares per ADR = 1860/468 = $ US 3.99 per ADR
It looks to me like 05.20 is the X date and 05.27 the pay date
Am I missing something here?
Add an 0ctober 11 pay out 16% greater than last year = 1.83 X 1.16 = 2.12 + 3.99 = $6.11/79.80 after hours close PVD Friday = 7.7% dividend
Am I missing something?
I think this is what most people were expecting in yield. The bigger question for me is any long term commodity weakness potential to erode price.
The dividend is shown in the link that was posted in this feed, the 6th message. Amounts are shown in chilean pesos for the chilean shares and must be converted to the ADR shares (see first message in this feed) My question is, does a $4.88 dividend represent good news and a possible rise in the stock price once the dividend is publicized.
147 Chilean pesos per Chilean share. Current exchange rate is 461 pesos to the dollar.
And, as always, 15 Chilean shares per ADR.
I get $4.78 per ADR. The dividend paid in May 2010 was 127 pesos, so this company is paying out 16% more in local currency. Of course, with the dramatic weakness of the dollar, it's a much bigger percent increase measured in dollars.
And the trailing annual dividends will be $1.83 (Oct. 2010) + $4.78 (May 2011) = $6.61 per ADR.
$6.61/$81 = dividend yield of 8.1%.