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Re: Handlamera post# 34562

Sunday, 03/31/2013 8:56:00 AM

Sunday, March 31, 2013 8:56:00 AM

Post# of 163722
There is some possible multiple source of confusion with divi data that people post here. RD's divi # for 2013 is total divi calculated for 2013 but payable in 2014. Emilez probably meant the CASH part of divi payable in 2013 which is really divi for 2012, so half of 8%x 70c = 2.8c. But even then his 1c is wrong IMO. So when you project divis, pls specify :

1) is it calculated for the year but payable next year or is it divi payable that year?
2) do you mean just the cash part (usually half of total ) or total ? Hopefully we will not have this second question in a few years when Siaf is able to pay its divi all in cash. But the first q is still there b/c an annual divi based on a certain % of eps cannot be paid out the same year as it is calculated for. You have to wait until April of following year to know what the profit or eps was for the prior year.

Otherwise we could end up with many pointless debates. Even RD who is usually very strict about those things seem to have mixed up the calculated vs payable part in his projections for 2016 and 2017 when he threw in the 20% and 40% of eps of prior year IMO.
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