Buenas tardes,

I am looking for a meaningful benchmark for measuring the effective dividend yield of shares received in the course of a spin-off ($UN01 , $VLTO WI (+2,25%) , $ENR (+2,08%) , $WDS (+1,31%) , $VTRS (+2,39%) etc.). For shares acquired on the basis of orders, I use the nominal acquisition costs (previous year-end values) as standard.

In the case of spin-off shares, do you use the price at which the shares were booked (= the amount at which the shares booked could have been sold and immediately repurchased, disregarding the spread, taxes and costs)?

So far, I have naively regarded the spin-off shares as a "gift" (acquisition cost = 0), which is simply arithmetical rubbish for the dividend yield. I am not interested in the inclusion in the dividend yield of the selling company because I do not regularly sell the spin-off shares and am interested in measuring the effective (= net inflow-based) dividend yield (in other words, the spin-off shares have a dividend value = 0 for me at the selling company, yes, unclean, I know...).

Thank you very much and have a nice weekend!