From my viewpoint the dividend reinvestment scheme makes little sense. It requires that I give up my 5 cent dividend so I can get a 5% discount on the share price so my actual discount on the share price is much less than 5%. On a $1.80 share price I get a discount of 5% or 9 cents so the actual discount is 4 cents after removing the dividend I gave up. What sort of incentive is that? I can get 4 cents from the fluctuations without sacrificing my dividends. I look forward to getting my dividends!
MTU Price at posting:
$1.71 Sentiment: Hold Disclosure: Held
