(09-05-2015, 08:09 AM)Kerim Wrote: BEN's yield is very interesting -- very low if you consider only the regular dividends, but much more exciting if you factor in the special dividends that they are fond of paying. Of course those are not predictable, but in the years that they've been paid, it can more than double the "regular" dividend.
Definitely forgot about this.
According to my calculations, since the beginning of 2000 BEN has paid out quarterly dividends that total to $8.98 / share. During this time they've also paid out 5 special dividends that have totaled $11.02 / share ( http://www.nasdaq.com/symbol/ben/dividend-history )
So actually $20 / share in dividends since 2000
Comparing the normal dividends over the past 15 years to the total dividends over the past 15 years gives the normal dividend as only 44.9% of the total dividends
8.98 / 20 = .449
BEN's current dividend is $0.60 / year
Solving for what BEN's total / shadow dividend might currently be gives us:
.449 = .6 / X
.449X = .6
X = .6 / .449
X = $1.34
BEN's current price is $39.01
Current stated yield:
$0.60 / $39.01 = 1.54%
Total current yield, given last 15 years of history, might look something like:
$1.34 / $39.01 = 3.43%