Yep. Basically, for every $6650 (10,000 shares) bought today and held, you’ll get $970 paid out by mid March = $250 in dividend (10,[email protected] paid out on 2 Feb) plus $720 (buyback of 1,000@72c paid out on 18 March).
Seems like a pretty good return on investment provided the share price doesn’t collapse in the intervening period due to some unpredictable external factor like increased claims (summer storms?) or widespread market meltdown.
TWR Price at posting:
66.5¢ Sentiment: Hold Disclosure: Held
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