2012 wrote:The Merchant wrote:In this market no matter how the results are the share will GO DOWN. Its the perfect setting for a value hunter! Lakini pesa is not unlimited, there lies the catch...
I doubt KK will go down. I can almost bet it will not trade below 10/- from tomorrow. Has anyone including those overrated Financials given better dividend than this?
I also doubt whether KK will go down, at least not in the next one week or so.
But to answer your question, as a matter of fact KCB's dividend yield is indeed fractionally higher than that for KK. BBK had a much higher dividend yield (partly from the exceptional item), while that for BAT is also higher. At the time of announcing results, E.A. Cables also had a higher dividend yield. I hesitate to mention that for BOC as it is coming from reserves.
Bottomline is that KK has a pretty nice yield, but its main attraction is coming from the fact that it was unexpected, especially, in my case. I am also happy about the fact that plenty of money is still left over for expansion, even with this payout.