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 2017 Final Dividend:
- The last election date for the DRP was at 5.00pm (AEDT) on 13 November 2017.
- The “Pricing Period” was a period of 7 trading days, commencing on 14 November 2017 and concluding on 22 November 2017 (inclusive).
- There will be no limit on the number of shares that may participate in the DRP.
- A discount of 1.5% has been applied in determining the “Current Market Price”.
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).