Well...that depends on the SP in the weeks after the date. I have opted out of the plan.....was getting tired of the price dropping below what I had paid. Will just make a business decision when and if I want more shares should the price drop or go up, rather than getting them by default.
Well...that depends on the SP in the weeks after the date. I have opted out of the plan.....was getting tired of the price dropping below what I had paid. Will just make a business decision when and if I want more shares should the price drop or go up, rather than getting them by default.
I donīt agree with that. I think it depends more on your investment strategy and horizon. For long term investors with modest holdings, a DRP in good steady companies is a great way of compounding savings, free of any fees.
Taking the dividend and then reinvesting it later will attract fees which can eat away your investment for small investors. Of course it also depends on whether one needs the cash or not.
But the SP in a few weeks does not have any bearing for me on whether to take part in a DP or not.
I have had full participation in the HNZ DRP for several years and it has achieved outstanding results overall. Yes of course there have been occasions where SP has dropped below DRP price but it is of little relevance long term.
Last edited by iceman; 04-09-2015 at 08:34 PM.
Reason: spelling
Nice: An as expected result from the Little Bank That Could.
On the assumption that it can carry on and hit the middle of the FY16 guidance range then I have a current value for HNZ of
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Originally Posted by trader_jackson
Looks like I missed the fun
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