lol not at all, I don't take offense. It all depends on one's holding horizon. Obviously if one intents to hold for multiple years the benefits 3 dividends in 13months is mitigated.
But holding resource companies for multiple years is not a very good way of building wealth in my opinion. Resource companies are cyclical, therefore they should be traded around their cyclicality. This is how wealth is created when investing in resource companies.
That third dividend gives me a partial insurance policy equal to the dividend + franking credit, in this case $1.18 (including franking credits) or 5% of the price paid.
Anyway works well for me in increasing returns. Obviously the most important factor is the price paid for the share.
In the above case $23.52 - $1.18 = $22.34 effective buy in price and I still collect the next two dividends.
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