Kontiki Finance Limited has introduced a new dividend reinvestment plan that allows its shareholders to acquire more shares at a discounted price. This initiative aims to provide existing shareholders with an opportunity to reinvest their dividends into additional shares rather than receiving cash.
According to the company’s chairman, Barry Whiteside, shareholders can choose to convert their dividend payouts into shares priced at $1.02 each, which represents a five percent discount based on the average share price from the month prior to the dividend announcement. Notably, this reinvestment can be conducted without incurring any brokerage fees or additional charges.
Whiteside explained that shareholders registered with Kontiki Finance as of November 15 will be eligible for this plan, allowing them to secure a greater number of shares. For instance, if a shareholder receives $100 in dividends, they have the option to reinvest that amount and obtain 102 shares instead of cash.
This plan not only encourages shareholder engagement but also reflects Kontiki Finance’s commitment to providing value to its investors. By allowing shares to be purchased at a discount and without added fees, the company is fostering a shareholder-friendly environment that could lead to greater participation in the market.
In summary, Kontiki Finance’s new reinvestment initiative opens up an excellent opportunity for shareholders to grow their investments while also promoting loyalty and support among its investor base. This development is a positive step in empowering shareholders to actively participate in the company’s growth.
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