If dividend is $1m and 20% of shareholders do DRP, the company can use that $200k to buy $200k worth of shares on market. Thus pull the share price up. It then issues those shares via DRP. It's a great trick a few LICs use
If dividend is $1m and 20% of shareholders do DRP, the company...
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Last
22.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.314M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 450827 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.0¢ | 10000 | 1 |
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| BHD (ASX) Chart |
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