ALF
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0.00% $1.01 australian leaders fund limited

Dividend is funded from the underwriting of shares not in the...

  1. Kerbey
    222 Posts.
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    17/12/14
    23:05
    Post #: 14477970
    Dividend is funded from the underwriting of shares not in the Dividend Reinvestment Program (DRP). Essentially, if you are not in the DRP your holding is being diluted as new shares are issued to the underwriter to pay the actual cash dividends.

    I would see the dividend as mainly a distribution of franking credits.
    ALF Price at posting: $1.42 Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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