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
Mick's right. Dividend reinvestment increases the number of...
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Last
$7.46 |
Change
-0.080(1.06%) |
Mkt cap ! $17.68B | |||
| Open | High | Low | Value | Volume |
| $7.52 | $7.54 | $7.45 | $30.03M | 4.014M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8833 | $7.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.49 | 17544 | 5 |
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| IAG (ASX) Chart |