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American equities now offer a dividend yield of just 2%, less than half the long-term average.
At 35 baht, PTT shares offer a dividend yield of 6percentt, making them more lucrative now than interest on Thai bank deposits.
Even American equities, despite a dismal record over the past decade, offer a dividend yield of just 2.1%, a level that historically has been associated with low returns for several years to come (see article).
According to SocGen, emerging markets offer a dividend yield of 3.1%, a good margin over the yield on Treasury bonds and on par with the yield on the MSCI World.
Moreover, the bank would offer a dividend yield of 4.9 percent if it moved up to a not-inconceivable 50 percent payout ratio and made the 7.2 pence in earnings per share Deutsche Bank forecasts in 2015.
The preferred shares will offer a dividend of 7.25percentt until the investors convert them into common stock, or until their mandatory conversion into common stock on Dec. 15, 2010.
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The preferred stock offers a dividend of 8percentt a year, payable in Priceline.com common shares.
Others like technology firms, emerging markets or any company that offers a dividend and is not steeped in debt.
In 1922, Swedish Match offered a dividend equal to twelve per cent of its share price, which Kreuger & Toll topped with a dividend worth twenty-five per cent.
Investors betting that the trend will continue will need strong nerves: the FTSE SmallCap index trades on a price-earnings ratio of 37 and offers a dividend yield of just 2.7%, almost a point below the yield on blue chips in the FTSE 100.
The stock also offers a dividend yield of 4%.
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