Fair observation @FarmX. I posted the table below late last...

Fair observation @FarmX. I posted the table below late last year, now updated with the Sep '23 divvie, to explore whether the DRP without discount (discounts seem to be absolutely a thing of the past) is actually good value.

People can use their own comparative date for SP in the second last column, but if you decide to buy on market around the time of the DRP allocation date, then it does appear that you will be advantaged. Of course, for many small investors, the parcel will not be viable.

Just a bit of fun, for info, DYOR & not intended as adz. Comments welcome.

	Half year ended	Dividend per share (AUD)	Payment date	DRP price (AUD)	SP Low during Dividend Payment Week	Difference
	30/06/2023	$2.40	28/09/2023	$101.10	$97.60	$3.50
	31/12/2022	$2.10	30/03/2023	$97.37	$94.85	$2.52
	30/06/2022	$2.10	29/09/2022	$96.44	$90.26	$6.18
	31/12/2021	$1.75	30/03/2022	$97.95	$104.52	-$6.57
	30/06/2021	$2.00	29/09/2021	$101.00	$99.62	$1.38
	31/12/2020	$1.50	30/03/2021	$85.25	$85.13	$0.12
	30/06/2020	$0.98	30/09/2020	$68.53	$63.56	$4.97
	31/12/2019	$2.00	31/03/2020	$73.37	$57.85	$15.52
	30/06/2019	$2.31	26/09/2019	$78.61	$80.88	-$2.27
	31/12/2018	$2.00	28/03/2019	$73.21	$70.20	$3.01
	30/06/2018	$2.31	28/09/2018	$72.05	$71.68	$0.37
	31/12/2017	$2.00	28/03/2018	$75.38	$71.71	$3.67
	30/06/2017	$2.30	29/09/2017	$75.73	$74.40	$1.33
	31/12/2016	$1.99	4/04/2017	$83.21	$84.09	-$0.88
	30/06/2016	$2.22	29/09/2016	$72.95	$72.20	$0.75
	31/12/2015	$1.98	31/03/2016	$72.68	$72.60	$0.09
	30/06/2015	$2.22	1/10/2015	$74.75	$70.15	$4.60
	31/12/2014	$1.98	2/04/2015	$91.26	$92.09	-$0.83
	30/06/2014	$2.18	2/10/2014	$80.39	$73.71	$6.68
	31/12/2013	$1.83	3/04/2014	$75.26	$76.18	-$0.92
	30/06/2013	$2.00	3/10/2013	$73.42	$70.77	$2.65