Google Finance says the dividend yield of AMC is 2.68%, Yahoo Finance says it's "N/A", Marketwatch says it's "0.00%", and Robinhood says it's 17.95%. I'm very surprised to see that all these difference financial information sources disagree on this. I would have expected them to all report the same number. Is this kind of disagreement on the facts between different financial info sources normal? And how do I know what the true dividend yield is for AMC?
1 Answer
For the past 5 quarters the dividend has been 20 cents per quarter. So based on a price of $4.46, the yield would be 17.95% which is what Robinhood says (raspberry sound!).
However, the dividend has been cut and it will be 3 cents on the next ex-dividend date of Mar 6th. So that means that based on the new dividend of 3 cents, the yield is 2.69%. Based on that, Google Finance gets the chicken dinner.
answered Jan 25, 2021 at 20:50
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1I'm surprised they kept issuing such high dividends last year.– RonJohnCommented Jan 25, 2021 at 21:41
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1I'd agree with you on that. Even though it makes sense to cut the dividend, sometimes, companies try to avoid cutting the dividend because that can lead to further share price deterioration. Commented Jan 25, 2021 at 21:45
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@BobBaerker where are you finding that the price of M is 4.46? I'm seeing $14.28 today on google finance. If google finance has the right stock price and we use the new dividend of 3 cents to calculate the yield, then 0.03/14.28=0.0021=0.21%, which doesn't match any of the finance sites.– STNCommented Jan 25, 2021 at 22:30
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@STN - OK, you've confused me. Why are you now asking about M which is Macy's when the original question was about AMC? Commented Jan 25, 2021 at 23:14
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@BobBaerker I got my wires crossed, sorry. It all makes sense now, please disregard the previous comment about M. Thanks for answering!– STNCommented Jan 26, 2021 at 7:47
N/Acertainly means "Not Available"; Yahoo hasn't updated the site yet. Marketwatch's0.00%probably means the same thing. Robinhood looks... broken.