2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
DPS (SHARES) 0 0 0 30:1 0 0 40:1 0 0 0 0
DIVIDEND PER SHARE 0.50 0.50 0.75 0.85 0.85 0.85 0.85 0.90 0.90 0.90 1.00
PAYOUT RATIO 37% 29% 41% 48% 46% 60% 48% 100% 54% 37% 37%
YIELD 4.0% 2.9% 3.4% 3.4% 2.1% 1.8% 2.4% 2.0% 2.4% 2.0% 2.4%

Dividends paid in cash and / or shares only considers the outstanding shares, in example, excluding the fund’s shares buyback

DPA: dividend per share

Return = Ordinary dividend per share / closing price share of ex coupon date