Essentially you are receiving 'free money'.
If SNL continues to trade at say A$24, but the DRP price is only $20 per issued new share, you receive a $4.00 bonus.
Given the dividend is A$0.33 cents per share, for every (approximately) 60 shares you hold, you can receive one 'new' share if you elect to participate in the DRP.
You can elect to have full or partial participation.
Ann: Preliminary earnings forecast June 2024 and final dividend, page-15
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Last
$30.64 |
Change
0.180(0.59%) |
Mkt cap ! $1.322B | |||
| Open | High | Low | Value | Volume |
| $30.46 | $30.67 | $30.33 | $484.1K | 15.83K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50 | $30.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $30.64 | 137 | 1 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| SNL (ASX) Chart |