More than 2,000 companies are listed on the Australian Stock Exchange. At InvestSMART, you can get the latest share prices, market data, and research.
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What is a dividend?
Dividends are a portion of the company's profits that is paid to shareholders. If a company makes a profit, they might issue a dividend. Dividends are paid up to four times a year, after each quarter. Usually dividends are grouped into "interim dividends" and "final dividends".
Dividends are paid out to shareholders in proportion to how many shares they own as dividends are issued as per share. This is known as a pro-rata basis. Companies that issue dividends regularly are sometimes called "income stocks" as they historically provide shareholders with a regular income, as opposed to growth stocks, which often forgo dividends in order to reinvest and grow the business.These are often companies that are high growth, new and smaller compared to those that issue dividends regularly, which tend to be more established.
Some investors may take advantage of "dividend reinvestment plans" where the shareholder receives additional shares in lieu of a dividend.
How do you calculate different types of yields?
Types of yield calculations differ depending on asset.
Stock dividend yields come in two varieties, cost yield and current yield.
If the you bought a stock for $20 and the dividend is $2, the cost yield is ($2/$20). If the stock is now valued at $22, and the current yield is ($2/$22). As the stock price increases, yield goes down as there is an inverse relationship between price and yield.
There are multiple bond yields.
The main ones are current yield, coupon yield and yield to maturity.
Coupon yield is the annual interest rate paid on the principal amount of a bond fixed at issuance. Current yield is the coupon yield on a bond at a specific point in the time before the bond maturity. The current yield is expressed as the bond interest rate as a percentage of the current price of the bond. A yield to maturity of a bond is the internal rate of return on a bond's cash flow, including the cost of the bonds, coupons, if paid, and the return of the principal at redemption. The yield to maturity is an estimate of what an investor will receive if the bond is held to its maturity date.
What are yields?
Yield is associated with risk, the higher the risk, the higher the yield as investors demand a higher return in exchange for taking on more risk. A lot of the time listed yields are not guaranteed but are instead an estimate of future returns.
What is yield?
Yield is a measure of the income return on holding a security. Yield is usually expressed as a percentage based off the investment cost (whether at face or current market value). Yields may be known or anticipated depending on whether the security experiences major fluctuations.
How do people make money from shares?
How do you buy shares?
What is the difference between an ordinary share and a preference share?
What is the difference between a share, an equity and a stock?
What is a share?
A share is a part of a company that can be bought and sold. Owning shares makes you a partial owner in the company. Shares tend to be longer term investments due to their volatility.
They are also known as equities and stocks.