Remember the LORD for it is he who gives you the ability to produce wealth and so confirms his covenant... Deut. 8:18

Wednesday, July 29, 2009

Maybank May Cut Dividends to 30 sen

Year 2008 total EPS = 60 sen, total dividend = 52 sen ( 17 sen, 15 sen, 20 sen paid respectively post Nov., Feb., Aug. 2008 announcement).

Year 2009 total EPS = 48 sen (my estimate). No dividend has been paid out so far. Coming August, what will Maybank pay its shareholders is anyone's guess.
My guess is 30 sen. Therefore dividend yield = 30/650 = 4.7 %

If you're hoping for 5 % dividend yield, then look to buy at 30 sen/ 0.05 = RM 6.00
If you had bought earlier at RM 5.00, then you might just earn 6 % dividend this August.

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