A financial group operating principally in Spain, the United Kingdom, other European countries and Latin America, offering a range of financial products.
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Recs
On 8-18-12 rd80 picked SAN
Picked at $6.87
.14 divi on 10-12-12 (is that paid in Euros? Or directley from Germany:) lowering the start price to $6.73.
"The stock SAN has paid out a dividend of $0.15136. The starting price for your pick has been adjusted to reflect the value of this dividend payout."
Copied from TMF's alerts.
"The stock SAN has paid out a dividend of $0.15285. The starting price for your pick has been adjusted to reflect the value of this dividend payout."
Russ, do you know whyTMF puts the start price at $6.61 when the alerts put you at $ 6.57 (if we round down the fractions)?
Somewhat confusing.
Just thought I'd ask since you write for them, but if you don't know I'll shoot TMFChrisHarris an e-mail.
Nice pick BTW.
The dividend adjustment isn't a straight subtraction - if it were, the basis for CAPS scoring could go negative on a divvy payer and cause the system to blow up in a highly random and spectacular fashion - kind of like a five-dollar shake in a blender with no lid.
The adjustment is made as if the dividend payment was reinvested. Something like:
New Basis = Old Basis/[1 + Dividend/Stock Price] where stock price is at the time the dividend is issued.
Yeah, the Fools running CAPS use some sort of special algorithm that factors in divi payouts.
Unlike Cyprus banks. San makes good on it's promise of a ten cent dividend lowering the start price to $6.47