So a good take up of DRP could encourage them to maximise divie (60%) - less cash to pay out ...more capital
Pity they’ll knock off the tax due on 3 cents before they calculate how many shares you get
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I'm thinking they're more likely to be on the conservative side this time, and rather than focus on cps, think of it more as a % per share. With shares @ ~$1, a juicy dividend now is going to be a hard act to follow % wise on the next round when they are trading at a 30+% premium to today's sp ;-) That and they really need to keep something in the war chest should this covid thing get crazy. Of course those two scenarios would likely be mutually exclusive...
SP has been slowly but steadily climbing, leading up to next week.
It's great isn't it?! I love the slow and steady; up two or three cents a day. OCA my biggest holding by a country mile.
I think a lot of MET money is coming over, and some bargain hunting too. In my murky crystal ball I see it heading up into the $1.20's (but that's a bit of wishful thinking too :) :) )
I'm in a similar boat (biggest holding). I'm enjoying the climb too, especially given I was able to get my average cost down to 85c during the SP plunge in March and we are well north of there now.
But don't get ahead of yourself. I thought 2 years ago that we had seen the last of prices under $1.10. How wrong I was! It is never real profit until it is in the broker account.