Theta Ltd has recently paid a dividend of 50 cents per share. Under the company's DRP,...

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Theta Ltd has recently paid a dividend of 50 cents per share. Under the company's DRP, shares can be purchased at a price of $10.00. If I own 1,000 shares, how many new shares can I purchase under the plan? Why would I choose to do this? Theta Ltd has recently paid a dividend of 50 cents per share. Under the company's DRP, shares can be purchased at a price of $10.00. If I own 1,000 shares, how many new shares can I purchase under the plan? Why would I choose to do this?

Answer rating: 100% (QA)

To calculate how many new shares you can purchase under the Dividend Reinvestment Plan DRP you need ... View the full answer