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CNOOC Declares Dividend

|Includes:CNOOC Limited (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