Comments on: MIIF Dividend Reinvestment

By: lioninvestor

lioninvestor — Wed, 10 Jun 2009 00:03:59 +0000

Yes Freeier,

That’s probably the bottom line.

By: freeier

freeier — Tue, 09 Jun 2009 06:10:55 +0000

actually essentially end of the day, if u are fine with buying the share at the current price, then u wld be fine with taking the scripts as dividend..

if u think its expensive, then just take cash.

actually script dividend has one issue.. it offers the investor a few n week option. you can always wait for the price to move up or down then decide if you want the dividend in script or in cash.

By: Another MIIF Scrip Dividend Strategy | Den of The Lion Investor

Another MIIF Scrip Dividend Strategy | Den of The Lion Investor — Fri, 12 Sep 2008 03:47:46 +0000

[...] More on MIIF Scrip Dividend [...]

By: lioninvestor

lioninvestor — Tue, 08 Apr 2008 14:05:23 +0000

Hi James,

Yes, your new shares will rank alongside your old shares, so it will be entitled to future dividends.

Your broker will be able to advise you on the odd lot issue.

Personally, I won’t bother selling the odd lots.

By: james

james — Tue, 08 Apr 2008 02:16:19 +0000

yeah i kinda figured that out after i typed the comment. thanks for the clarification anyway! i think they’ll round up the shares (there was a description on the back of the form)

how would i be able to trade in odd lots though? ask my broker/trading representative i suppose?

am i right to say that shares through SDS will ALSO be subject to future rounds of SDS? as in compounding… should be right?

james

By: lioninvestor

lioninvestor — Mon, 07 Apr 2008 06:17:30 +0000

Hi James,

Each share is issued at $0.79.

The dividend declared is 4.25cents/share so your 5000 shares will entitle you to 4.25 x 5000 = $212.50

If you elect to take scrip, you will receive 212.50/0.79=268.98 shares.

This will be rounded to 268 or 269 (not too sure).

There are no additional fees involved.

Essentially, you are taking the money from your dividend, and using it to buy MIIF at $0.79 without paying any brokerage or CDP fees.

By: james

james — Mon, 07 Apr 2008 05:45:04 +0000

Hi,

I’m not too good with the Scrip Dividend Scheme – wondering if you could help me with the calculations.

I basically hold 5 lots (yes it’s little) and based on the 0.79cents per share SDS issue. What is the amount I would receive? Do I have to pay an additional amount for the shares?