Your distribution for CNXM is listed as $1.37 but should be $1.44 (.3603 quarterly)
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Satisfaction mark by sjm- cfa 5 years ago
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Satisfaction mark by sjm- cfa 5 years ago
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Thanks for the detailed follow up. Every dividend rate and yield is clearly labeled as (TTM) or (FWD) on each stock's quote page. On our portfolio view, we plan to show 2 different columns- one for TTM and one for FWD. Right now, you are right that it's mixed and that's not ideal.
Our logic is that any stock flagged as a consistent payer (defined as 50% or more of their distributions are the same as the previous Qtr/Qtr), uses a FWD rate. Stocks which change their distribution every QTR will show a TTM rate. We do this because showing a FWD rate for inconsistent payers results in erroneous data because you could be projecting forward a dividend payout which is not representative of their real future distributions. Most ETFs fall into this category (e.g. SPY).
Thank-you for the prompt and detailed response. It does now make a little more sense. Notwithstanding, I do think that SA is still misleading in using BPL's TTM. A $4+ dividend is quite different that a $3 div. in the decision making process. Clearly I am analyzing the data myself, but not sure all your readers are doing so.
sjm
We are showing the Trailing Twelve Month (TTM) dividend rate. $1.44 is the FWD dividend rate. For most stocks we show the forward rate, but with stocks that pay an inconsistent/unpredictable amount, we show TTM.