Yesterday, Teva increased its dividend by 15%, from $1.00NIS to $1.15NIS. Keep it up big girl!
In 2012, dividends were $1.03US ($0.80US after withholding tax) and should be about $1.24US for 2013, or about $1.00US after withholding tax. Dividend withholding tax varies from quarter to quarter, so it’s hard to predict 2013 net dividends.
In May 2011, I bought 90 shares for $4392.05 ($48.80/share).
In August 2011, I bought 90 shares for $3529.80 ($39.22/share).
In June 2012, I bought 115 shares for $4547.85 ($39.55/share).
My total cost is $12,469.70US ($12,351.60CAN), or $42.27US/share ($41.87CAN/share). Teva current trades for $38.50/share.
This has been dead money, but I continue to believe the company is well positioned for the future. The new CEO has an impressive background and is slowly turning things around.
Teva’s dividend history since my initial purchase (in USD):
Before Withholding tax: After withholding tax:
2011 - $0.84 2011 - $0.69
2012 - $1.03 (+22.6%) 2012 - $0.80 (+15.9%)
2013 - $1.24 (+20.4%) 2013 - $1.00 (+25%)
My current dividend yield after withholding tax is 2.37% ($1.00/$42.27).
In 2013, I will receive an estimated $295US net in dividends.
With this increase, my 12-month forward dividend $3,677.58.