If you own a stock on either ABS-CBN Corp. or GMA Network Inc, its not time to pull it out just yet as these two media Titans are one of the most generous firms in the stock market this year. GMA Network and ABS-CBN settled 5th and 6th respectively in the top 10 list of highest yielding stocks in terms of cash dividends.
GMA Network Inc pays 6.9% of its outstanding common shares or equivalent to P0.45 per share. This means, if you bought P6,470.00 worth of 1,000 common shares (or P6.47 per share), the company will pay you P450.00 or 6.9% of your outstanding shares.
Similarly, ABS-CBN Corp. pays 6.7% of its outstanding shares this year or equivalent to P2.10 per share. So if you acquired 1,000 shares for P31,500 or P31.50 per share, you will be paid P2,100.00.
Funds for the dividends are sourced from the company's Net Income for the year. GMA Network netted P1.58 billion from January to September this year, and with over 3.36 billion listed shares theoretically dividends at P0.45 will cost GMA P1.51 billion. ABS-CBN on the other hand earned a 9-month profit of P2.2 billion, and with its 780 million listed shares and cash dividend at P2.10, costs will reach P1.64 billion.
|Rank||Company||Code||2011 Cash Dividends per Share||Dividend Yield|
|1||PHILIPPINE LONG DISTANCE TELEPHONE COMPANY||TEL||222.00||10.34%|
|2||CITY & LAND DEVELOPERS, INC.||LAND||0.14||8.86%|
|3||MANILA BULLETIN PUBLISHING CORPORATION||MB||0.05||8.20%|
|5||GMA NETWORK, INC||GMA7||0.45||6.92%|
|8||SEMIRARA MINING CORP||SCC||10.00||5.63%|
|9||CENTRO ESCOLAR UNIVERSITY||CEU||0.50||5.56%|
|10||THE PHILIPPINE STOCK EXCHANGE, INC||PSE||12.00||5.50%|
Article by: TV NETWORK WAR