Correct me if I am wrong, but wont there be shareholders that will opt to reinvest their share of the $300mill dividend back into the stock, therefore the firm handling this will be buying the stock back on market?
When does this start?
Had a google search but could only find information on the dividend reinvesting not the date that it will be starting.
dividend reinvestment buying
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Last
$24.32 |
Change
-0.460(1.86%) |
Mkt cap ! $74.88B | |||
| Open | High | Low | Value | Volume |
| $24.38 | $24.51 | $24.16 | $140.9M | 5.786M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 16891 | $24.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $24.32 | 985 | 1 |
View Market Depth
| Last trade - 16.10pm 04/06/2024 (20 minute delay) ? |
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Last
$24.35 |
Change
-0.460 ( 1.45 %) |
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| Open | High | Low | Volume | ||
| $24.37 | $24.50 | $24.16 | 706126 | ||
| Last updated 15.59pm 04/06/2024 ? | |||||
| FMG (ASX) Chart |