THE DIV­I­DEND CO­NUN­DRUM

Finweek English Edition - - COVER STORY -

For most in­vestors, div­i­dends rep­re­sent the lifeblood of their port­fo­lios and this is clearly demon­strated by the pop­u­lar­ity of the Sa­trix Div­i­dend Plus ex­change­traded fund (ETF), which has been heav­ily mar­keted over the last cou­ple of years. How­ever cor­po­rate prof­its and div­i­dends them­selves are highly un­pre­dictable, as in­vestors in African Bank In­vest­ments Limited (Abil) re­cently dis­cov­ered.

To sup­port the data gen­er­ated by the Top 200 sur­vey this year, we looked for the 40 best div­i­dend-yield­ing stocks as at 7 June 2013. It makes for fas­ci­nat­ing read­ing with only two tra­di­tional blue chips (Vo­da­com and Reunert) sit­ting in the Top 20 po­si­tions.

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