| Summary: | Thesis (MBA)--Stellenbosch University, 2001. === The objective of this mini study project is to record dividends of de-listed companies from
copies of Annual Reports. It forms part of a larger research project at the Graduate School
of Business of the University of Stellenbosch that aims at setting up a database containing
published financial information on dividends for listed and de-listed companies.
Dividends are a valuable source of information content. Recording, and thereafter
employing an analysis of basic descriptive statistics on dividends, is one way to decipher
such information. Calculating the average and median of dividends declared by companies
sheds an insight to the nature of dividend payout.
The purpose of the mini study project is to capture the interim, special, and final dividends
per share. The method employed is to calculate dividend values and to compare them
against those published. Total Rand values of dividends are calculated by multiplying the
number of shares issued, by the dividends declared in cents, per share as noted on the
directors' report, and notes to the income statement. This is achieved by means of an
Excel spreadsheet model.
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