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with divident reinvestment means our portion of dividend is reinvested? where can we see this? also, if my friend sold maybank after QR released proposing dividend but before announcement, would he enjoy the dividend too?
dividend reinvestment plan mean either you take cash dividend option or take share portion.... for example if you have 1000 units share , if you take cash option mean 1000 x RM 0.135 = RM 135.00 cash dividend ...or if you take share portion mean 1000 x RM 0.135 = RM 135.00 / RM 8.20 (current share price) = 16 units share
you need ask your remisier on this... buy stock before ex-date and you are entitle for dividend or share option...if you buy stock during ex-date or after, you are not entitled for it
for direct account, usually you will receive letter with offer to which option, cash or share as default. if share is not default, then you need to fill up form inside letter, plus stamp duty rm10 and send it back asap.
19th Dividend Reinvestment Plan (DRP) in conjunction with Interim Dividend for Financial Year Ended 31 Dec 2020
Interim Dividend for the FYE 31 December 2020
The single-tier interim dividend was declared by the Board of Directors of Maybank on 27 November 2020 together with the announcement of the third quarter financial results for the financial year ended 31 December 2020.
The single-tier interim dividend of 13.5 sen in which the entire amount can be elected to be reinvested into new ordinary shares.
Issue Price
Issue price: RM7.680 per new Maybank Share
Price Fixing Date: 4 December 2020
The issue price of RM7.680 is based on the five-day VWAMP (Volume Weighted Average Market Price) of RM8.1645 per Maybank Share up to and including 3 December 2020, being the last trading day prior to the Price Fixing Date for the issue price of new Maybank Shares after adjusting for the following:
a dividend adjustment of RM0.135 to the five (5)-day VWAMP of Maybank Shares ("Ex-Dividend VWAMP"); and
a discount of RM0.3495 which is approximately 4.35% discount to the Ex-Dividend VWAMP of RM8.0295.
