Today, the UK’s largest Pharma company, GlaxoSmithKline paid out is July dividend.
19p per share.
What did this cost GlaxoSmithKline ?
The total number of voting rights in the Company is 4,918,418,059, thus:-
4,918,418,059, x £0.19 = £934,499,431.21
That is £934 million.
http://www.shareshop.hsbc.co.uk/shareshop/security.cgi?csi=10042
That is a 5% yield.