Company X and Y both pay annual dividend of 40 tambala to their shareholders and this is expected to continue in perpetuity. |
Restoring the dividend tax credit would be a better use of public money than much of the government's wasteful spending. |
So those shares will be locked away and will generate some extra dividend income for the family. |
This would see earnings per share fall to a level where the company would have to dip into reserves to pay the dividend at its current level. |
He is now under fire for the losses suffered and the subsequent hit to the company's dividend. |
Both companies are valued at 13 times earnings and offer a similar dividend yield. |