Reply to @AzureFractal : Scrip price are discounted to the dividend price. Instead of receiving $, you can opt to take shares. This only apply to selected company that offer scrip dividend
I recalled DBS went down below 14.93 before the exdiv, but I still took the scrip. For long term investing, this is a cost free way to compound the div. .
What is the scrip dividend price and how is it different from the normal price?
Reply to @AzureFractal : Scrip price are discounted to the dividend price. Instead of receiving $, you can opt to take shares. This only apply to selected company that offer scrip dividend
I recalled DBS went down below 14.93 before the exdiv, but I still took the scrip. For long term investing, this is a cost free way to compound the div. .
Reply to @theintelligentinvestor : DBS CEO bought many shares at 13.88. Must be laughing all the way now.