Ericsson wrote:young wrote:VituVingiSana wrote:Ericsson wrote:Kibe21 wrote:New low of 135/=, did I miss some important news?
Anticipation of no dividend
10.50 Final dividend. And these are also on the bonus given in 2020.
Good and unexpected income from dividend.
At price of134 pre announcement DY is 7.8% higher than COOP.
SCBK 2020 EPS down to 13.95
Coop bank share price pre-announcement last week was ksh.12.80
SCBK dividend return to shareholders is relatively higher than COOP.
This is how from dividend payout ratio:-
STANCHART KENYA
EPS = 13.95
DPS = 10.50
Div payout ratio = 10.50/13.95* 100
= 75.27%
COOP BANK KENYA
EPS= 1.57
DPS= 1.00
Div payout ratio = 1/1.57*100
= 63.69%
So in absolute terms based on their FY 2020 earnings , SCBK returned higher dividend to shareholders , the highest in the banking sector and likely the second highest in NSE after BAT.
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