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 2018 Interim Dividend:
- The last election date for the DRP was 5.00pm (AEST) on 17 May 2018.
- The “Pricing Period” was a period of 7 trading days, commencing on 18 May 2018 and concluding on 28 May 2018 (inclusive).
- There will be no limit on the number of shares that may participate in the DRP.
- No discount will be 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).