i'm actually not banking on the share actions at all, its just something that would be good if it happens
. Meanwhile i will keep enjoy their handsome dividends. I think they will continue churning out profits, even though not always like this year-where weakening shilling and one of sale will give bumper profits.

i think its part of the game plan to fleece the shareholders !

If you did not get it and at the correct price take it on the chin and quit ranting,you are better of looking out for the next Williamson.

Its worth noting that what Williamson Tea is paying is not a special dividend (from the sale of Williamson House) but an Interim dividend from ' the financial performance of the company'.

Remember by half year,they had made Ksh 89 EPS of which about 60% was in solid cash (not biological assets).

I think this indicates a dividend policy shift from the directors realisation that Ksh 80 - 100 EPS will be with the company for at least the next 2 years as has been the case for the last 2 years.

It will be interesting to see what they give as final dividend for the year ending March 2012 and wether a special dividend could still be in the pipeline.

As a mature company, it is expected that their dividend payment rates as a percentage of total EPS (less biological component)should approximate those of other mature companies such as BAT, Stanchart, etc.


Happy Hunting.