RE:RE:Why do a DRIP and NCIB at same time???LOLLike the Hands of COPS who selling selling selling selling selling??? You don't know who's hands those shares are going into and if they plan to hold or not.
You could probably get a better price by timing it yourself the buys... and like you said, commisions are nothing virtually.
Cash Payout is the same.... instead of Cash Dividends, CASH is used to buy shares on the open market.
But I guess since the DRIP is on the open market, no dillution, and adds "BUYING" pressure to the stock price in addition to NCIB.... So, makes sense that way.
All just my opinion/view/thinking now that I remember DRIP is on open market.
All just my opinion/view/thinking.
Margin321 wrote:
makes perfect sense
- puts more shares in solid (long term) hands with no increase in overall share count (or even a decrease depending on the NCIB volumes realtive to DRIP volumes). )
-DRIP investors get dollar cost averaging, and compound the growth in their investment in the company
- DRIP investors pay no commission (though that is a moot point these days) and can add fractional shares.
- reduces cash payout for cash dividend. (of course more cash goes to buy-in)