The Dividend Reinvestment Plan (DRP) is a convenient and cost-effective way to increase your NAB share portfolio without paying brokerage and other administration costs. Instead of getting your dividend in cash, the dividend is reinvested to buy more NAB shares.
Participation is voluntary and you can join the DRP, vary your participation or withdraw from it at any time.
The following settings apply to the DRP for the 2015 Final Dividend:
- The last election date for the DRP will be at 5.00pm (AEDT) on 10 November 2015.
- No discount applies in working out the “Current Market Price”.
- The “Pricing Period” will be a period of 7 trading days, starting on 11 November 2015 and finishing on 19 November 2015.
- There'll be no limit on the number of shares that may participate in the DRP.
United States shareholders are not able to participate in the DRP (including where shares are held in a broker’s clearing account, or by a trustee or nominee).