Comments on: Automatic Data Processing Inc. (ADP) Stock Analysis http://dividendsvalue.com/2268/automatic-data-processing-inc-adp-stock-analysis/ Dividend Investing & Value Investing For A Superior Portfolio Thu, 18 Mar 2010 03:28:07 -0600 http://wordpress.org/?v=2.8.6 hourly 1 By: Dividends4Life http://dividendsvalue.com/2268/automatic-data-processing-inc-adp-stock-analysis/comment-page-1/#comment-3484 Dividends4Life Fri, 13 Mar 2009 22:54:25 +0000 http://dividendsvalue.com/?p=2268#comment-3484 KJ: The 2008 High Yield of 3.57% is the dividend 1.10 divided by the low price 30.83 which will result in the "High Yield" vs using the high price which would result in the "Lowest Yield" or Yield on High Price". As for the 2000 dividend yield you are correct based on the displayed numbers. However, due to a stock split the actual numers in the cell are (0.339 - 0.292) / 0.292. I changed the formatting and took it to 3 digits. Thanks for pointing it out. Best Wishes, D4L KJ: The 2008 High Yield of 3.57% is the dividend 1.10 divided by the low price 30.83 which will result in the “High Yield” vs using the high price which would result in the “Lowest Yield” or Yield on High Price”.

As for the 2000 dividend yield you are correct based on the displayed numbers. However, due to a stock split the actual numers in the cell are (0.339 – 0.292) / 0.292. I changed the formatting and took it to 3 digits. Thanks for pointing it out.

Best Wishes,
D4L

]]> By: KJ http://dividendsvalue.com/2268/automatic-data-processing-inc-adp-stock-analysis/comment-page-1/#comment-3475 KJ Fri, 13 Mar 2009 12:23:40 +0000 http://dividendsvalue.com/?p=2268#comment-3475 I have some questions about your calculations. Maybe I am completely off, but it looks like there are errors in your calcs. Example1: 2008 Yield High. You have 3.57% I calculated the 2008 div (1.10) divided by the High Price in 2008 (45.97). 1.10/49.97 = 2.3928% Example2: You have 2000 Dividend Increase % as 16.1%. This is calculated as (2000 div - 1999 div)/1999 Div or (.34-.29)/.29 = 17.24% Am I misunderstanding how to calc the % increase in dividends and Dividend Yield? I wanted to get that right before I started to do bigger things like DCF prices and Graham Numbers. I have some questions about your calculations. Maybe I am completely off, but it looks like there are errors in your calcs.

Example1: 2008 Yield High. You have 3.57% I calculated the 2008 div (1.10) divided by the High Price in 2008 (45.97). 1.10/49.97 = 2.3928%

Example2: You have 2000 Dividend Increase % as 16.1%. This is calculated as (2000 div – 1999 div)/1999 Div or (.34-.29)/.29 = 17.24%

Am I misunderstanding how to calc the % increase in dividends and Dividend Yield? I wanted to get that right before I started to do bigger things like DCF prices and Graham Numbers.

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