David Hunkar

The World's 50 Safest Banks in 2009

xsellside
You are welcome.

-David

Top Foreign Dividend Stocks Traded in New York

Guys - Sorry for the delayed replies.

ignorant - Thanks for the note.Will be more specific and clear next time.

User 138602 - RBS had a write-down of £5.9B due to exposure to the sub-prime credit
crisis.In order to shore up its capital base the bank had a right issue for raising
£12.0 B in JUne of this year.In addition the board had agreed to raise the Tier 1
Capital ratio to 8%. The stock has fallen so much due to this nearly £6.0B loss and
the ABN Amro purchase/integration expenses.

In UK, the rights issue was made on the basis of 11 new shares for every 18 shares
held at an issue of price just 200 pence which was about 46.3% discount to
the closing price of 372.5 pence on Apil 21, 2008.As of June 9th, about 95.11%
of the shares in the rights issue totaling about 5.8B shares were subscribed
by investors.

RBS has a dividend payout ratio of 45% in 2007.As per the board, after the rights
issue the 2008 may be reduced.

As the second largest lender in the UK after HSBC, RBS had to writedown this huge
£6.0B loss. So when compared to LYG, HBC or Standard Chartered this writedown was high.
Hence the stock is down a lot compared to peers.

Hope the above helps.


CARMEL - I included only the commons in this study.I should have mentioned this
in the post.Preferreds are a different story. I will include then in future articles.

Menachem Ben Yakov - Thanks for the info.I stand corrected.

goatfarmer- Thanks for the suggestion. You idea will be implemented in the
next similar article.Yes yields net of tax would be good to know but it
gets complicated due to many issues.I can include any time of tax info.
know for the mentioned countries though.

Thanks everyone for your comments. It helps me serve you better.:)