SUN 1.29% $19.67 suncorp group limited

OK radicool, let's look at costs.Before electronic banking and...

  1. 421 Posts.
    OK radicool, let's look at costs.

    Before electronic banking and mailing, I would receive a cheque in the mail, then have to drive down to the bank and fill out a form and wait in line .
    Vehicle costs and my time $ 85 minimum ........ plus interest lost per day for mailing time and getting to the bank .

    Multiply by 2 for twice yearly dividends, and yearly total was $ 170, and counting. That's what paper dividends cost !!! For the company it was tens of thousands of dollars.

    With electronic transfer, I get my dividend same day, I have to look up Computershare ( e.g.) and print off two copies of the dividend statement.

    1c worth of paper, 2c worth of ink, and about 5 minutes.

    It's faster, cheaper, saves trees , saves car pollution, and most importantly, saves time both for the company and for me.

    The process saves the company tens of thousands of dollars twice a year, and costs me about 5c. Your " digital expenses" wouldn't amount to 10c, so that's a complete furphy.

    Signing off now.

    Cheers
    J


 
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