How many SAIL stock one has to buy for 5000 Rs dividend a year?

devpress (48)in #blog • 2 months ago

To calculate the number of SAIL stocks needed to receive a dividend of Rs. 5,000 per year, we need to determine the total dividend per share based on the provided dividend data, and then divide the desired annual dividend amount by the dividend per share.

Given information:

Stock price: Rs. 169.50
Dividend data:
- 20 Feb, 2024 (Interim): Rs. 1.00
- 20 Sep, 2023 (Final): Rs. 0.50
- 24 Mar, 2023 (Interim): Rs. 1.00
- 28 Jul, 2022 (Final): Rs. 2.25
- 28 Mar, 2022 (Interim): Rs. 2.50

Step 1: Calculate the total dividend per share for the last four quarters.
Total dividend per share = Rs. 1.00 + Rs. 0.50 + Rs. 1.00 + Rs. 2.25 = Rs. 4.75

Step 2: Calculate the number of shares needed to receive Rs. 5,000 in dividends.
Number of shares needed = Desired annual dividend / Total dividend per share
Number of shares needed = Rs. 5,000 / Rs. 4.75 = 1,052.63 shares

Therefore, to receive a dividend of Rs. 5,000 per year from SAIL stocks, you would need to buy approximately 1,053 shares of SAIL stock at the current price of Rs. 169.50 per share.

Note: This calculation assumes that the dividend pattern remains consistent in the future. Additionally, the number of shares needed may need to be rounded up or down to the nearest whole number, as you cannot buy fractional shares.

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