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Subject:  What is "Relative Dividend Yield"? Date:  4/11/2000  10:38 AM
Author:  danawhesse Number:  632 of 2244

On Bloomberg's web site (accessed via USATODAY), in the Fundamentals section of a quote are listed both "dividend yield" and "relative dividend yield".

I get the "dividend yield" calculation (annual dividends divided by current share price), but I don't understand what the "relative dividend yield" is or how it is calculated. It always seems to be lower than the "dividend yield", which implies lower dividends, higher share price, or both.

For example, a quote from PG this morning 4/11/00:
Price $64.6875
Quarterly Dividend $0.32
Dividend Yield 1.9246%
Relative Dividend Yield 1.6940%

Can anyone clarify ??? Thanks in advance.
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