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Eric Hyder
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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 Increases Interim Dividend By 66% 0 comments
    Aug 21, 2013 7:34 PM

    On August 20, 2013 CEO (0883.HK) declared an interim dividend of 0.25 HKD per ordinary share. This works out to a dividend of $3.225 per ADR share - an increase of 66% over last year's interim dividend.

    The calculation is as follows:

    100 ordinary shares to 1 ADR share = 25.00 HKD per ADR share

    Assuming an exchange rate of 1 HKD to 0.129 USD = $3.225 per ADR

    Take out the 10% foreign tax and the net dividend should be $2.9025 per share.

    Ex-Dividend Date is September 5, 2013

    Payable Date is October 10, 2013

    This works to a 3.34% yield on an annual basis (net of foreign tax on interim and year-end dividends).

    My info came from the following site:

    www.aastocks.com

    Disclosure: I am long CEO, FCX.

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