Guys, I apologise if this has been explained in an earlier...

Guys,

I apologise if this has been explained in an earlier thread but just want a double check of my understanding of the WDS cost base calculation

BHP dividend entitlement calculation
WDS shares at COB 31st May 2022
$29.76

Merger Ratio
5.534

Dividend is WDS share price divided by the merger ratio, thus:
29.76 / 5.534

Dividend per share $5.38
Imputation Credit per share $2.30
(Assuming fully franked)

but in lieu of the divdend we get allocated WDS on 1st June

WDS Cost Base
Calculated as merger ratio x BHP dividend
5.534 x 5.38

$29.76 (per share) being the price of WDS COB 31st May 22
with the acquisition recorded as 1st June 2022

Finally, there is no change to BHP cost base


Thanks in advance


Porkchop