The Bermuda Stock Exchange (BSX) this week implemented a new method of calculating yield which brings it in line with international standards.

Yield percentages are now based on the listed company's actual dividend payments over the last four quarters, rather than the last fiscal year.

"By calculating the yield in accordance with the Issuer's last twelve month regular dividend payment schedule, rather than the last annual account period, the Exchange will be able to offer shareholders and potential investors much more current and accurate information,'' said the BSX's listing manager, James McKirdy.

"This will assist them in part, to make more informed decisions about the market,'' he continued.

The move also brings the BSX in line with international standards for calculating dividend yields.

"Yield'' is the historical 12-month dividend or interest a stock or bond will earn, expressed as a percentage of the amount paid for the security or of the security's par value.

It is calculated by dividing the divided amount by the cost of the share and multiplying by 100.

As an example, if the dividend paid was $1.10 and the share's market value was $45, the yield on that security would be 2.44 percent.

In the case of the Bank of Butterfield, at a price of $17.25 the change in the method of calculation means that the Bank's yield is now shown as 4.36 rather than 3.94 as based on the latest audited accounts.