If you need the money then don't do the DRP. A lot of retirees are living off the CBA dividend. As that retiree cohort increases over time so are those on DRP.
Personally anyone on DRP you have my full appreciation as you guys are taking one for the team. The banks all normally commit to neutralizing their dividend reinvestment plans, which will see banks buy shares on the market and give them to shareholders instead of issuing new shares to shareholders.
This may sound insignificant, but across the May 2024 dividend schedule, it is estimated that $900 million worth of shares were bought to support the neutralization.
CBA Price at posting:
$165.37 Sentiment: Hold Disclosure: Held
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