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Author: Broosters Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 2203  
Subject: Dividend yield Date: 10/27/2011 10:57 AM
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I noticed that on the Fool site WFM shows as a dividend yield of .40 or 4.2%. On Yahoo is shows .40 or 0.6%. And on www.dividendchannel.com is shows .55%.

Can anyone explain these differences? Thank you.
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Author: JustMee01 Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 2173 of 2203
Subject: Re: Dividend yield Date: 10/27/2011 11:40 AM
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Broosters,

A better board for general questions is Investing Beginners:

http://boards.fool.com/investing-beginners-112963.aspx?mid=2...

It has more traffic. This one is only gently used. (Not that there's anything wrong with using it.)

The number on TMF is just plain screwed up. As for the differences between Yahoo and dividend channel, they're probably just a matter of the freshness of the quote. I believe Yahoo refreshes the data on close. Yahoo can also on occassion have dividend data wrong. This isn't as common on common stocks as it is on preferred shares, royalty trusts, etc. Some things that are low volume and of lesser interest make it under Yahoo's radar. The other common reason for disparities is a special dividend. If it's a one-time divi, some sites may miss it and exclude it from the calculation.

You're best served by going to your broker's site and collecting the divi information there. Since that's a pay service that they use, they shouldn't miss anything. If you find a discrepancy, you can also just calculate it yourself. Total up the divis from the last 12 months and grab your calculator.

Divi yield = (divi / share price) x 100

($0.40/ $73.36 recent quote) x 100 = 0.545%

And always remember that special divis are usually one-time. They can make the trailing numbers look juicier than future yields will be...

I suspect that Yahoo's 0.60% is the result of a stale quote and/or a rounding error to only 1 significant figure in their XML (or whatever language is used to code the page). Trust your broker's quotes and your own calculator. Use the free services for screening ideas, not for making final decisions.

Peter

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Author: Broosters Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 2174 of 2203
Subject: Re: Dividend yield Date: 10/27/2011 12:24 PM
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Thank you Peter,
I suspected something like that, but wanted to be sure I wasn't overlooking anything. I appreciate your response!
Brian

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Author: CABob Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 2175 of 2203
Subject: Re: Dividend yield Date: 10/27/2011 12:58 PM
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I believe that there can be a difference in the figure used for dividend. For example, one source might use the most recent quarterly dividend and multiply it by four. Another might use the actual dividends over the past 12 months. The way that special dividends are handled can make a significant difference also.

Bob

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