Why are so many of the details in the ‘Key Ratios’ section incorrect?

For example, look at the dividend yield for IAG SA on trading212 (9.02%) and then google ‘IAG SA stock’ and you will see that Google, which im assuming is more accurate, says 0.43%.

I’ve noticed this kind of thing quite a lot. Is there a reason for this? Why does this happen? Quite misleading.

Trading 212s dividend yield is pretty accurate based on the TTM dividend (9p) vs a share price of around 100p. However I believe IAG has suspended its dividend (if anyone can back this up). I don’t think the Trading 212 data is updated very regularly, so seems unaware of the dividend cut if this is the case. Google’s dividend amount is just pretty random to me, I don’t know where that came from. But for sure using other sources is usually better than Trading 212, but it’s a handy place to start looking into a company

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Yea I’m also interested in more up-to-date data, it will be a big plus for T212 and even better if you can customize the ratios shown on the main layout.

You might want to check wallmine btw, pretty nice.

But yea, T212 is working on it.

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@David is there any update in this? It was a long time ago. Would you be able to tell us the frequency of data updates or is it dynamic? Thanks

Afaik they pick up data from Reuters, had back and forth communication with t212 support on wrong dividend data for RDS.

Not sure what is the point of data if I have to double check always to make sure it is true data…

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@cavanhagan On a daily basis.

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@David

So then data provider has wrong data for RDS?
As if update is daily, RDS slashed their dividend 66% in Late April.

T212 still shows 10%.

o dayum, can we throw more light on this as 1 whole pie of my mine is based on Dividend yield figures to maximise my dividend returns.

@Vedran It’s TTM (12 Month Yield). Data is similar to BBG:

Refinitiv (Reuters) description of the field:

image (1)

Despite slashing, the dividends mid year they’ve still paid some of the “non-slashed” rates “this” (trailing twelve month or TTM) year.

to be precise 35.73 + 36.4 + 12.68 + 12.09 = 96.9p (47+47+16+16 cents converted at the time of payment to p) at a share price of 943.46p => 96.9/943.46p = 0.10270705 = 10.2%

Dang you posted 0.3 seconds before I did, data is worse in many places as well. This happens when share prices and/or yields change drastically during a year.

15.6% yield according to HL and I got no clue how they end up on this number :man_shrugging:

the suspension of dividends shouldn’t change the TTM then, it will change the forward yield. correct me if i’m wrong but given that T212 uses TTM, it won’t reflect the changes for the future then.

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No you’re right, mistake on my part. Issue is TTM yield isn’t very useful if there’s a dividend change, so external sources are needed

true. but until there is source that can reliably predict a forward yield, i guess my pies will have to consider TTM yields as best estimate of future returns :confused:

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Suspension will change TTM yield actually.
The “paid” dividends will eventually seize to exist in the last twelve (or in RDSB case will be lower and lower) and the ratio will change. Forward yield is dodgy in my own view, it is an “estimation” divided by another “estimation”

I might misunderstood some aspects of dividends so far :face_with_raised_eyebrow:

So, if in Q1 and Q2 a company pays ($1.99) 2% of dividends, then the company declares that won’t pay any dividend anymore, starting from Q3. (what has happed to many companies)

So, the “pre cut” dividends declared should be paid until the date declare on Q2, corrects?

Why the actual dividend yield of that company is not automatically 0.0%?
Given the new buyers won’t get any dividend if they jump in :thinking:

What matters is not what was declared in the latest dividend statement?
($1.99 per share blablabla)

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I don’t 100% understand the question here but let me try to answer :slight_smile:
Barring exceptions in “special countries” (Cayman islands, BVI, Panama etc) once a board declares a dividend that becomes a legal liability of the company and it goes into books.

So If the company had officially said they “will pay X on date Y to all shareholders on record at date Z” The date this announcement is made is the “declaration date”, X is the dividend, Y is the payment date and Z is ex date.

So what matters is what was declared in the latest company report. The board only committed to pay $1.99 on Q2, they may release guidance on future saying “we will probably profit this much eps will be that much and we will pay that much dividends” but none of this will be binding.

so looking at these a website (investing.com) can put dividend yield on their website.

dividend yield

another website (yahoo) can put Forward yield on their website

Forward yield

There is not a definition of actual dividend, pick your definition and if some website is using that definition you’ll find that value there. If you mean the guaranteed amount there is not guarantee of anything unless you are between “declaration date and payment date” May be forward yield could be closes to what you are looking for but in that case next Domino’s example I’ll give will become tricky and go to 0 yield in between meetings.

Dominos Pizza UK for example at the beginning of pandemic declared that they are not going to pay the dividend (can’t remember the dates, lets say March?) and the next quarter they said things are not as bad as predicted and they reinitiated the dividend with a special ex-date of August (Dominos UK normally pays 2 dividends per annum anyway)

It’s confusing non the less.

SA displays Dividend yield:

TTM should be highlighted then. As trailing dividend doesn’t give any information on present or future.

Dividend yield as label is rather arbitrary.

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yeah, that’s what i meant. it won’t trip immediately, but will show the impact over time (a quarter at the least for a quarterly dividend paying company). which should hopefully reflect on T212 if it’s a daily update and then accordingly into my dividend pie

sadly a lot intentionally take advantage of the ambiguity and some don’t. thankfully we at least have someone from T212 taking responsibility and answering our questions.

a similar example is when newsmedia and various sites keep reporting MAs, never once clearly whether it’s an SMA or EMA or any other friggin MA. to swing and day traders the difference between those matter a lot.

my 2 cents on it

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