Mike88 wrote:I googled BT dividend yield and got this:
9.5%
With the fall in share price following the update, BT's dividend yield is at 9.5%. This makes it one of the highest dividend yielding stocks in the FTSE 100, after EVRAZ, Centrica, and Imperial Brands.
As I understand it the dividend has only been suspended for 1 year but the advertised yield makes it a very appropriate share for a discussion on a High Yield Strategies Board and can hardly be described as OT as alleged above. However, I accept the Yield might be suspended again for a second year but, as I haven't a crystal ball, I cannot foresee the future.
BT's dividend yield is nil however you want to look at it. From BT's website, you will get the following:
The Final Dividend for the year to 31 March 2020 has been suspended as have all dividends for the following year to 31 March 2021. They then plan to resume paying dividends for the following year, 2021/2022 but will 'rebase them to a more sustainable level'.
With respect you are deluding yourself and others if you think that that amounts to a, presumably current, dividend of 9.5%.
A nil yield cannot be described as a High Yield Share even in these strange times and it therefore seems very odd to be discussing it on this Board.
Dod