Dividends, bonus, rights aur XD date

Transcript

What Hira says, in Roman Urdu, with the English translation beneath each line.

1. 0:04Assalam-o-Alaikum, welcome to danioPSX. Aaiye seekhein, financial independence ke liye.Assalam-o-Alaikum, welcome to danioPSX. Let's learn, for financial independence.
2. 0:14Ye hai lecture number twenty. Aaj hum seekhenge dividend, bonus shares aur rights issue kya hain, XD date kyun important hai, aur tax ke baad dividend income kaise calculate karein.This is lecture twenty. Today we learn what dividends, bonus shares and rights issues are, why the XD date matters, and how to calculate dividend income after tax.
3. 0:30PSX par cash dividend face value ka percentage hota hai, market price ka nahi. Aksar face value ten rupees hai, to hundred percent dividend matlab ten rupees per share.On the PSX a cash dividend is a percentage of face value, not the market price. Face value is usually ten rupees, so a hundred percent dividend means ten rupees per share.
4. 0:43Is liye dividend yield dekhein: saal bhar ka cash dividend per share, divided by share price. Ye batata hai ke payout aap ki price ke muqable mein kitna bada hai.That's why you look at dividend yield: a year's cash dividend per share, divided by the share price. It tells you how big the payout is compared to the price you pay.
5. 0:56Ab sab se important dates. Book closure mein company shareholders ki list freeze karti hai. Ex-date se share dividend ke baghair trade hota hai, aur symbol ke saath XD likha aata hai.Now the most important dates. During book closure the company freezes its list of shareholders. From the ex-date the share trades without the dividend, and XD appears next to the symbol.
6. 1:11Rule yaad rakhein: ex-date se pehle buy karein. T plus one mein ex-date book closure se ek business day pehle hota hai. Ex-date par price aksar dividend jitni gir jaati hai.Remember the rule: buy before the ex-date. Under T plus one, the ex-date is one business day before book closure starts. On the ex-date the price often falls by about the dividend.
7. 1:25Bonus shares mein cash ki jagah free extra shares milte hain. Twenty percent bonus ka matlab har ten shares par two naye shares. Company ki value same rehti hai.With bonus shares you get free extra shares instead of cash. A twenty percent bonus means two new shares for every ten. The company's value stays the same.
8. 1:37Rights issue ulta hai: company aap se mazeed paisa maangti hai. Aap naye shares le sakte hain, apne rights bech sakte hain, ya kuch na karein to aapka hissa dilute ho jaata hai.A rights issue is the opposite: the company asks you for more money. You can buy the new shares, sell your rights, or if you do nothing, your stake gets diluted.
9. 1:48Ab danioPSX ka Dividends page. Yahan har dividend dene wali PSX company ek table mein hai. Yield se sort karein, aur Paid every year, Shariah-compliant ya Payout coming up filters lagayein.Now the danioPSX Dividends page. Every dividend-paying PSX company is in one table. Sort by yield, and use filters like Paid every year, Shariah-compliant or Payout coming up.
10. 2:05Events page par aane wale book closures aur general meetings ka calendar hai. Kisi din par click karein, ya cash dividend, bonus aur right shares ka filter lagayein.The Events page has a calendar of upcoming book closures and general meetings. Click a day, or filter by cash dividend, bonus or right shares.
11. 2:19Dividend calculator mein share chunein, amount daalein aur apna tax status. Ye batata hai ke tax ke baad saal mein kitna dividend milega, aur mahine ka kitna.In the dividend calculator, pick a share, enter an amount and your tax status. It shows how much dividend you'd get in a year after tax, and how much a month.
12. 2:28Tax company pehle hi kaat leti hai. Zyada tar listed companies par filer ke liye fifteen percent aur non-filer ke liye thirty percent. Is liye filer banna asal paisa bachata hai.The company deducts the tax before paying you. For most listed companies it's fifteen percent for a filer and thirty percent for a non-filer. So being a filer saves real money.
13. 2:42To aaj humne seekha: dividend face value ka percentage hai, ex-date se pehle buy karna zaroori hai, aur yield aur tax ke baad income kaise dekhein. Homework: Events page par is hafte ke book closures dekhein.So today we learned: a dividend is a percentage of face value, you must buy before the ex-date, and how to check yield and after-tax income. Homework: look at this week's book closures on the Events page.
14. 2:56Next lecture mein hum seekhenge Shariah-compliant investing: KMI-30, screening aur purification. Video achi lagi ho to subscribe karein. Ye sirf education ke liye hai, investment advice nahi. Allah Hafiz!In the next lecture we'll learn Shariah-compliant investing: the KMI-30, screening and purification. If you liked the video, please subscribe. This is for education only, not investment advice. Allah Hafiz!