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Hi adr holders     27-Jul-09 10:29 pm    
I hope some of you have given a brief look at yahoo payout ratio.
They are posting 300 % or something like that.
Going to balance statements (03-31-2009 ) figures i have not been able to verify this..see according to accounting principles you have this equation that relates somehow to payout ratio:

FINAL RETAINED EARNINGS=BEGINNING RETAINED EARNINGS +NET INCOME-PAID DIVIDENS.
So SIPLY FRE=BRE+NI-PD
Now subtitute and :

FRE= 1428
FRE= 1338
NI= 158
THEY REPORTED PAID DIVIDENDS OF 110 SO PD =110.
So you see firstly the ecuation doesnt seems to hold:1428 is not equal to 1338+158-110

secondly even if paid div were 110 then the payout ratio given by yahoo would be a very intriguing number.
Now if you divide 110 by 158 that is to say total earnings or net income then it would give you a payout ratio of 70 % aprox.Much decent than the awful 33? % that yahoo keeps posting.
Glad if you could feed back..thks.


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diegodelave...

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Hi adr holders
diegodelave... Not rated 27-Jul-09 10:29 pm  
 
according to yahoo this stock payout ratio is 344%...
oedd1159 Rate it 29-Jul-09 08:13 pm  
 
Hi Die. Your calculation for the most recent quar...
oedd1159 Rate it 30-Jul-09 01:12 pm  
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Telecom Corp. of New Zealand Ltd. (NZT)

Chart for Telecom Corp. of New Zealand Ltd. (NZT)
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