Dividends in Total Shareholder Return

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Should in the formula "dividends" be read as "dividends per share at the beginning of the period" or with "dividends per share at the end of the period" to eliminate the ambiguity? Before possibly implementing this suggestion, would someone please clarify this matter for me now? (...) Read more? Sign up for free

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		Dividends in TSR Jaap de Jonge, Editor, Netherlands
	Neither of the two suggestions you make are right, Bazil. Where it says "Dividends" in the formula, you can read "Dividends per share during the period".

		TSR is for a Particular Period Balaji Keshav Mahashabde, Financial Consultant, United Arab Emirates, Member
	TSR represents a ratio for a particular period (say increase in stock value during catender year 2009). Hence, for a shareholder, TSR would mean what he receives during a given period. So, dividends he has received during 2009 shall be included (so also the stock value on 31-12-2008 and 31-12-2009 be considered).