RE: Dividend paid in May will equal 11.3%pa equiv17 Dec 2022 12:01
"..... the bare facts are that the forecast final divi of 3.3p minimum per share (progressive) to be declared March, ex d April and paid May is 4.71% over the 5 months and equivalent to 11.3% pa."
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Sisyphus, are you sure about your maths. It may be potentially misleading to say that ITV pays a dividend of 11.3% per annum, which is what your calculation implies.
I suppose I could say that if I held the ITV shares for 1 month, managed to sell for more than I bought the shares (enough to just cover the costs) AND got 3.3p per share dividend my yearly dividend rate would be approximately:
3.3/70 x 100 = 4.7% per month (assumes I bought & sold circa 70p per share)
equivalent to 12 x 4.7 = 56.4% pa.....EASY money!
The only problem it is garbage!!