Monday, March 23, 2009

Bongaigaon Refineries – backtesting dividend yield compression

Bongaigaon Refineries – backtesting dividend yield compression

  • Dividend announcement date – Rs 5 per share
  • Dividend announcement date – 16 May 2008 (Bong ref stock price 47, Dividend Yield 10.6%)
  • Peak price after announcing dividend – 68 (dividend yield at peak price 7.3%)
  • % Change in price from dividend announcement date to peak price– 45%
  • Ex Dividend date - 20th Aug 2008 (Bong ref stock price 62)
  • % Change in price from dividend announcement date to ex-date– 43%
  • Sensex from dividend announcement date to ex-date - (-)1%

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