Yeah! Another special dividend - 2021 dividend yield of 7.8% First national has turned out to be an exceptional investment.
At today's closing price of $46, the total annual dividend yield for 2021 is 7.8% ($3.60 / $46).
I invested in the company in the Spring and Fall of 2018, at an average price of $26.90.
For the past ten years, the share price has grown at an annual rate of ±19% ($8 ; 2012 - $46 ; 2021). Plus investors receive a monthly dividend and an annual special dividend. For 2021, First National will pay a dividend of $3.60 per share, which means that I am receiving a 13.4% ($3.6 / $26.90) dividend yield of my initial investment. By the end of December 2021, I will have collected in dividends 38% of my investment.
An investor who purchased, in 2012, shares at a price of $8, will see that invesment generate, in 2021 a dividend yield of 45% ($3.60 / $8). I wonder what my dividend yield will be five years from now.