DDzx,
You wrote: "So when the dividend yield is 7%, there is demand. When the dividend yield is 5%, there is supply."
I think you meant to write that statement the other way round. If you didnt, then allow me to give you a lesson in FA.
If there is over supply of a stock, the share price falls and the dividend, as a percentage of the prevailing stock prices, rises. When the stock price goes up (E.G, there is demand), the dividend, as a percentage of the prevailing stock price, falls.
long term chart, page-106
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Last
9.1¢ |
Change
-0.009(9.00%) |
Mkt cap ! $290.0M | |||
| Open | High | Low | Value | Volume |
| 9.8¢ | 9.8¢ | 9.1¢ | $2.715M | 28.77M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 953544 | 9.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.2¢ | 1669218 | 27 |
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| Last trade - 13.44pm 02/08/2024 (20 minute delay) ? |
| PEN (ASX) Chart |