The Google Finance Site

4530 Views 8 Replies 6 Participants Last post by moneygardener, Jun 7, 2009

robert99a

Discussion Starter · Jun 3, 2009

I have a question regarding the Google Finance site. What does it mean when it says "Dividend 23¢ (1.59%) Apr 28, 2009". I always assumed that this meant that the company was paying that dividend to shareholders on that day.

But for RioCan (REI.UN), it says exactly that but the RioCan website says that the distribution announed at the end of April 2009 was 11.5¢ (not 23). Also, Google says no distribution for February 2009 but the RioCan site says there was an 11.5¢ distribution announed on February 27, 2009.

So how do I read the Google site? Thanks

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furgy

· #2 · Jun 4, 2009

That same question was asked on the Google finance forum , it seems it is a mistake by Google and they are not to be trusted %100 for financial information.

According to those that own REI.UN , the distribution is 11.5 cents and has been for a while.

Always go by what the companies own website states.

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robert99a

Discussion Starter · #3 · Jun 4, 2009

Thanks furgy. I didn't know Google Finance was that unreliable. I will stop using them.

Thanks again

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furgy

· #4 · Jun 4, 2009

I use them myself to track my portfolio online without having to log into one of my brokerage accounts , they're pretty good , just not 100% reliable.
They are still good for up to date news and stock quotes on a daily basis.
I wouldn't stop using them completely , but I wouldn't buy stocks based on research done thru their site.

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habsfan93

· #5 · Jun 5, 2009

I think what happened is that they had 23 cents listed for April, and then no distribution for May, when in actuality, there were 11.5 cent distributions in both April and May. Instead of showing two separate distributions, they were accidentally combined on Google Finance. Someone at Google probably put a date in wrong or something.

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