I'm just getting my feet wet around here and have a question about dividends.
Through the commsec site I searched all companies that had a dividend paying higher then 8%
Now one company had a yield of 122% (JRL) Would this be because it has experienced some enormous growth? What would the next pay out be like, fairly small?
Next question is about Telstra Corporation Limited (TLS) had a yield of 10.61% expecting this to be a more stable company, would this mean I would expect it to pay this dividend next year as well?
Or could it pay very good one pay out and fairly poor the next?
What I'm trying to get at is, how are you suppose to buy some shares for yield, say the banks interest rates are 5% for cash accounts, would it be unreasonable to try and find a company with shares that pay say 7% yield, how would you find a company that pays this.