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MBB interim dividend 28sen with DRS(14sen cash & 14sen DRS). DRS discounted price at RM 7.80( current market price around RM 8.25) 45sen discount.
Example: 1
(opt out DRS) 1000unit will get RM 280 cash.
Example: 2
(Opt for DRS)
Portion A:(share)
14sen x 1000unit= RM 140÷ RM 7.80= 17 unit share. balance left from RM 140 - RM 132.60(17 unit x 7.80)= RM 7.40
Portion B:(cash)
1000 unit x 14sen = RM 140
Total received is 17unit share and RM 140 + RM 7.40= RM 147.40
Darren chong, for odd unit of share the market price will be lower than spot price and hard to sell because less demand. for long term investor no issue because they wanna take dividend and will keep on opt for DRS
Darren, check your rakuten inbox, they will send you a msg. if you opt for DRP, then only you reply them . very simple. normally you will get msg 7 days before dividend payout .
for rakuten login via desktop version. go to account, corporate action. u will get notification when it's ready to apply.check your email or via apps notification
