Mick's right.
Dividend reinvestment increases the number of share you hold twice a year. Next issue date will be 9th of October and then again around late March next year.
Just a rough prediction in 5 years (assuming the DRP continues) you'll have approx 2800 shares and IAG share price will be roughly around $9 and because of the franking credits you will claiming around $500 per year tax refund per year.
Not too bad for shares given to members for free.
cheers Lies
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 818 | $8.76 |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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1 | 818 | 8.760 |
5 | 15488 | 7.660 |
3 | 582 | 7.530 |
8 | 19114 | 7.500 |
2 | 202 | 7.480 |
Price($) | Vol. | No. |
---|---|---|
6.940 | 7764 | 18 |
6.960 | 595 | 1 |
7.000 | 2250 | 2 |
7.050 | 3315 | 1 |
7.060 | 159 | 3 |
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