Alpha Shark's  Instablog

Alpha Shark
Send Message
Born in Tennessee and moved to Texas about 10 years ago. My extensive experience working overseas has provided a solid foundation for my investment philosophy. I have found that travel is a far better teacher than a conventional education. The experiences and knowledge one gains on the ground... More
  • CNOOC Declares Dividend 0 comments
    Mar 24, 2013 2:26 PM | about stocks: CEO

    On March 22, 2013 CEO (0883.HK) declared a fiscal year end dividend of 0.32 HKD per ordinary share. This works out to a dividend of $4.13 per ADR share.

    The calculation is as follows:

    100 ordinary shares to 1 ADR share = 32.00 HKD per ADR share

    Assuming an exchange rate of 1 HKD to 0.129 USD = $4.13 per ADR

    Take out the 10% foreign tax and the net dividend should be $3.72 per share.

    Ex-Dividend Date is May 30, 2013

    Payable Date is July 3, 2013

    This works to a 4.02% yield on an annual basis.

    My info came from the following site:

    www.aastocks.com

    Disclosure: I am long CEO.

    Stocks: CEO
Back To Alpha Shark's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.