I am calculating the dividend yield using the sharadar data from the database rather than the bundle. I followed the instructions to incorporate the fully adjusted close price data into a pipeline. I am seeing some suspicious values. I apologize in advance if this is a dumb question, but how can the DPS be greater than the close price e.g. (company A has a DPS of $15 but a share price of $5).
Examples
Symbol: AVTA
Date: 2008-06-02
DPS: 15.3
Close Price: 9.13
I guess company A could issue a DPS of $15 when their stock price is $60. The stock price could then fall considerably resulting in an increase in the dividend yield. In this situation I would expect the company to declare an updated DPS. Looks like oil exploration companies do this kind of thing often.
This does not look like a plausible explanation for AVTA.