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Alpha Shark
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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:

    Disclosure: I am long CEO.

    Stocks: CEO
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