Re: Dividend, Share Price. Is there a connection?
Rozella, do you think Wesfarmers will pay a dividend this month? They usually go ex-dividend on 21st August.
Also, last time they had a dividend of $1.50. Any speculation on what they would do this year? Would they reduce it so they could pay for Coles? Or would they announce a good one, hoping to attract back investors to get their share price up to ensure the purchase of Coles goes through?
By the way, my Lions Nathan dividend came through so I'm happy about that.
I am also learning a lot. I can see why you don't wait for franking credits as the interest payment incorporated into warrants is more than the income from those. Mind you as interest can be claimed as a taxable deduction on gross and franking credits count as tax paid, there are some advantages of waiting.
Not going to wait for them in the future!
I also worked out that the interest on warrants (and time decay) is more than margin lending interest rates. Now, only advantage left for warrants is the re-sale guarantee to a market maker based on the share's offer and buy price. The way they change the delta though is making me wonder if that is worth it.
I am still wondering if it is wise to try dividend yield plays in a market that is looking decidely bearish. Have you been doing it long enough to experience a long term bear market?
Also just noticed this on the Westfield webpage?
The announcement of the Westfield Group’s results for the six months ended 30 June 2007 (and lodgement of the Appendix 4D) will be made on Wednesday, 29 August 2007. That announcement will include final confirmation of the distribution for that period.
Does this relate to the 53.25 cent dividend with an ex-div date of 8th August? Could they change it?