Malayan Banking Berhad (Maybank) has just issued a Dividend Reinvestment Plan (DRP)

Malayan Banking Berhad (Maybank)has just issued a Dividend Reinvestment Plan (DRP). The plan calls for shareholders to trade in the dividends declared to shares at RM7.70 per share. Today's price of Maybank is RM9.10 per share. So, it makes sense to convert just on the price difference alone.

Do note however, the transaction does require a RM10 stamp duty to be paid. Nevertheless, it is still cheaper to buy compared to buying it straight from the market which will involve transaction costs (>RM10).

Deadline for submission is 5:00 pm tomorrow, Friday 29 April 2011.