In: Finance
What is the average dividend yield in 2014 for entities listed on the Ghana stock exchange?
Answer-
There were 40 listed entities on the Ghana Stock Exchange (GSE) of which 19 entities paid the dividends in 2014
Benso Oil Palm Plantation Limited = 0.81 %
CAL Bank Limited = 5.25 %
Camelot Ghana Limited = 5 %
Ecobank Ghana Limited = 5.66 %
Enterprise Group Limited = 1.43 %
Fan Milk Limited = 1.71%
GCB Bank Limited = 3.96 %
Ghana Oil Company Limited = 1.52 %
HFC Bank (Ghana) Limited = 2.33 %
Mechanical Lloyd Company Limited = 3.57 %
Produce Buying Company Limited = 7.33 %
PZ Cussons Ghana Limited = 7.53 %
Standard Chartered Bank (GH) Ltd. = 5.65 %
Societe Generale Ghana Limited = 6 %
Sam Woode Limited = 10 %
Trust Bank (Gambia) Limited =0.91 %
Total Petroleum Ghana Limited = 1.61 %
Unilever Ghana Limited = 2.39 %
UT Bank Ghana Limited = 8 %
Adding all the dividend yields of the above entities and dividing them by 40 gives us the average dividend yield in 2014
= ( 0.81 % + 5.25 % + 5 % + 5.66 % + 1.43 % + 1.71 % + 3.96 % + 1.52 % + 2.33 % + 3.57 % + 7.33 % + 7.53 % + 5.65 % + 6 % + 10 % + 0.91 % + 1.61 % + 2.39 % + 8 % ) / 40
= 80.66 % / 40
= 2.0165 %