I'm hoping you guys can help me with what I'm sure is a fairly silly question.
I've read most of the MTS posts and people mention MTS payout of 11.5c (likely payout or there abouts) as having a yield of around 9% I think it was (give or take).
However my calculations show different so clearly I must be doing it wrong but let me illustrate and please correct me.
$3,000 has purchased me 828 MTS shares (buy price 3.639)
Now a 9% yield of 3,000 is 270
however 11.5 cents cashed out on 828 shares is $95
so........I'm not getting the 9% yield how people got 9% from that..?
yield rates
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| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 38618 | $3.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.62 | 44054 | 6 |
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