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Non-Tech : Banco Industrial Colombiano ADR NYSE:CIB -- Ignore unavailable to you. Want to Upgrade?

To: Arnold Layne who wrote (52)	7/28/1998 1:22:00 AM
From: k urmann	Read Replies (1) \| Respond to of 72

hmmmm....... If Bancolombia pays a 7.5 cents dividend every month and their estimated earnings for this year is .61 cents.... that means they are paying .30 cents more per share in dividends then they are making- seems a little shady. How long after the ex-dividend date is the pay date? My position in cib is much bigger this time (still a meager 500 shares), but I plan on holding much longer and raking in the dividends. They can pay the dividends and that is good enough for me.