Is there a fee for reinvesting dividends?

It’s cheap. As mentioned above, dividend reinvestments usually don’t trigger any transaction fees, which today can cost around $5 to $10 per trade. That means if you own a typical dividend-payer that sends out quarterly checks, you’re getting as much as $40 per year in free stock purchase transactions.

How is DRP price calculated?

The DRP share price for each dividend is calculated as the arithmetic average of the daily volume weighted average market price of Computershare shares sold on the Australian Securities Exchange (ASX) trading platform in the ordinary course of trading over a 10 trading day period.

Do you pay tax on DRP?

Dividend Reinvestment Plan (DRP) Any dividend applied to acquire shares under the dividend reinvestment plan forms part of your Australian taxable income.

Does CommSec pocket reinvest dividends?

Any dividends will be automatically reinvested into your portfolio, rather than sent to your bank account. There’s a section in the app that allows you to see any past dividend payments. CommSec Pocket is free to download from the App Store and Google Play store.

How does Commonwealth Bank of Australia dividend reinvestment plan work?

Commonwealth Bank of Australia Dividend Reinvestment Plan (DRP) rules as at 19 May 2014. Download and print a copy of the DRP rules. The DRP allows Shareholders to reinvest all or part of any dividend paid on their Shares in additional Shares instead of receiving the dividend in cash.

How much does Commonwealth Bank of Australia pay per share?

Dividend history 2021 interim dividend Commonwealth Bank of Australia announced an interim dividend of $1.50 per share for the six months ended 31 December 2020. Dividend per share (AUD)

What is the dividend yield on Commonwealth Bank?

For the last 10 years, CBA has seen its dividend yield range between 4.9% and 6.6%, currently offering a yield of 5.91%. Selling your CBA shares with us is quick, safe and easy – all you need to do is follow the steps below.

What is the record date for CommBank dividend?

The Record Date is the cut-off date for a dividend. To be eligible to receive the current dividend, you need to be recorded on the share register at 5pm on the Record Date. The Record Dates are listed on the financial calendar.

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