Rather than using our own DRIP and having to go for shareholder approval, we are using our Registrar’s DRIP and that works very well. Advantages are that dividend funds are channelled directly into buying the company’s shares and therefore supporting the share price. The only disadvantage from my perspective is if one of the directors takes up the DRIP, Stock Exchange announcement will have to be made or if you are in a close period due to a transaction the director will have to skip the DRIP on that occassion and take the cash instead.
Rather than using our own DRIP and having to go for shareholder approval, we are using our Registrar’s DRIP and that works very well. Advantages are that dividend funds are channelled directly into buying the company’s shares and therefore supporting the share price. The only disadvantage from my perspective is if one of the directors takes up the DRIP, Stock Exchange announcement will have to be made or if you are in a close period due to a transaction the director will have to skip the DRIP on that occassion and take the cash instead.