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Strategies & Market Trends : American Depository Receipts: Value
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To: Jim Garrison who wrote (16)9/23/1997 10:00:00 AM
From: Mike 2.0   of 33
 
Jim, RE: Electrolux -- I saw the same column in Forbes. I checked into ELUXY as the "eye-popping 10% dividend yield" certainly caught my eye, coupled with target of 100 from 75...I'd say that's a darn good total return! :-)

But according to Stocksmart the dividend in May 97 was actually $1.50, plus a "special dividend" in excess of $6.00. Does anyone know what that special dividend was, and if it was non-recurring, obviously the effective yield will be closer to 2%. TIA.

PS: Source of above info from:
stocksmart.com

Mike
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