LVMH recently paid their interim dividend and I noticed the interim dividend was increased by 10% to €2,20 per share.
I own 4 shares LVMH so the increase of the interim dividend results for me in €0,80 extra dividend.
Based on the last 2 dividenpayments of LVMH the yearly dividend is now €6,20 which results in a current yield of 1,56%. This is basically around 50% of the earings per share so enough cashflow is staying within the company to afford the bid on Tiffany’s.
Based on my average purchase price my yield on cost is 2,96%.
I’m a big fan of this company although I don’t own any of the items produced by LVMH. Although we often celebrate the new year with a bottle of Veuve Clicquot champagne.