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.
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