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Royal Mail Dividend Re-Investment Plan

jamest8
jamest8 Posts: 1 Newbie
in Savings & investments
Dear All

I received my invitation to join the Royal Mail Re-Investment Plan today. I bought the shares at issue at the standard allocation. Is this plan a good one? The minimum deal charge is £1.50.

Many thanks for your comments

James

Comments

  • kevin52
    kevin52 Posts: 156 Forumite
    Part of the Furniture Combo Breaker
    Normally I opt for dividend re-investment, when the charges are reasonable. Equiniti's charge of £1.50 or 5% on £30.19 is a rip off. I'll pass on principle.
  • fwor
    fwor Posts: 6,942 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    kevin52 wrote: »
    Normally I opt for dividend re-investment, when the charges are reasonable. Equiniti's charge of £1.50 or 5% on £30.19 is a rip off. I'll pass on principle.

    That was my initial reaction, but when you think about it, this is a share purchase transaction on your behalf. Is £1.50 for such a transaction unreasonably high? If so, how much would be reasonable?
  • buglawton
    buglawton Posts: 9,246 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 13 June 2014 at 4:40AM
    Has RMG finally released even a date for their 1st dividend? Never mind how much. I'd wait till RMG has the courtesy to give it's shareholders this info.
  • barak
    barak Posts: 1,258 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    buglawton wrote: »
    Has RMG finally released even a date for their 1st dividend? Never mind how Mapuche. I'd wait till RMG has the courtesy to give it's shareholders this info.
    http://www.royalmailgroup.com/investors/shareholder-communications/dividend-information
    ".....where it is corrupt, purge it....."
  • kevin52
    kevin52 Posts: 156 Forumite
    Part of the Furniture Combo Breaker
    fwor wrote: »
    That was my initial reaction, but when you think about it, this is a share purchase transaction on your behalf. Is £1.50 for such a transaction unreasonably high? If so, how much would be reasonable?

    Sainsbury 0.35%
    Severn Trent 0.5%
    GSK 0.5%
    No minimum amounts.
This discussion has been closed.
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