Friday, May 24, 2019

OCBC and Scrip Dividend News

My dad has some OCBC shares and this notice caught my eye. OCBC is offering $10.55 per share when its market price is about $11.01 now. 


Honestly, I am not very inclined to take up the offer as I believe stocks will continue to drop this year due to the continued economic slowdown and trade war.

Will you be taking up OCBC's offer? Let me know in the comments!

5 comments:

  1. You have to look at his average price and not just the scrip price, since OCBC will be rounding up the decimal places. For example, if you are entitled to 2.1 shares, you will be given 3 shares instead. And the average price is quite low (much lower than $10.55) in my example here as you essentially getting one share for free.

    ReplyDelete
    Replies
    1. i think that is also a good point of consideration. but i guess another factor to consider here would be the fact if 10.55 is a good buy

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