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  1. #1721
    Advanced Member
    Join Date
    Jul 2015
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    Napier
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    2,033

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    Quote Originally Posted by allfromacell View Post
    Has anybody received their dividend yet? I haven't but I then I can't remember filling out a bank details form for theses.
    Mine went in yesterday. Cheque should come through snail mail

  2. #1722
    percy
    Join Date
    Oct 2009
    Location
    christchurch
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    17,243

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    Quote Originally Posted by Ggcc View Post
    Mine went in yesterday. Cheque should come through snail mail
    So did mine,but after they took out tax of 33% I did not receive a great deal.
    Well I guess it was tax.?.Will have to wait for the dividend advice slip to check.

  3. #1723
    Guru Xerof's Avatar
    Join Date
    Mar 2005
    Posts
    3,005

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    Yes, Resident Withholding Tax rate is fixed at 33% for dividends.

  4. #1724
    Member
    Join Date
    Dec 2017
    Posts
    52

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    Yes received mine yesterday in bank account. Shame no div reinvestment policy exists! Nonetheless, I put it into another allocation about to go out.

  5. #1725
    Advanced Member
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    Apr 2008
    Location
    Kerikeri
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    2,483

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    Quote Originally Posted by Lawstudent05 View Post
    Yes received mine yesterday in bank account. Shame no div reinvestment policy exists! Nonetheless, I put it into another allocation about to go out.
    Quite happy no div reinvestment exists. We live off our dividends so not an option for me. And don’t really want the number of shares increased if I am not participating. I guess we are at different stage of our investment cycle.

  6. #1726
    Member
    Join Date
    May 2017
    Location
    Queenstown, NZ
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    52

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    I'd be interested if OCA were to do a DRP. Any indications that people know of that this may be on the horizon?

  7. #1727
    Member
    Join Date
    Dec 2017
    Posts
    52

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    Quote Originally Posted by RTM View Post
    Quite happy no div reinvestment exists. We live off our dividends so not an option for me. And don’t really want the number of shares increased if I am not participating. I guess we are at different stage of our investment cycle.
    Great comment - and in 40 years time I will be in that mindset. Thanks for the different perspective.

  8. #1728
    Banned
    Join Date
    Nov 2013
    Posts
    8,516

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    Any build up on the buy side at $1.12 gets smashed, the market is waiting for Macs to come forward, get your skates on guys.

  9. #1729
    Senior Member
    Join Date
    May 2007
    Location
    Auckland, , New Zealand.
    Posts
    804

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    Quote Originally Posted by RTM View Post
    Quite happy no div reinvestment exists. We live off our dividends so not an option for me. And don’t really want the number of shares increased if I am not participating. I guess we are at different stage of our investment cycle.
    Same here. I used to use DRPs when available, but now we are also using dividend income to live on we have no need of it. And for the small % advantage of using one I'd rather have the money and decide if/where I want to reinvest. Great though for those with enough income and a real commitment to a company.

  10. #1730
    Guru
    Join Date
    Jul 2002
    Location
    New Zealand.
    Posts
    4,448

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    AGM today at 2.00

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