{"id":662,"date":"2017-03-29T22:05:05","date_gmt":"2017-03-29T22:05:05","guid":{"rendered":"http:\/\/www.abyteofcommonsense.com\/?p=662"},"modified":"2017-03-29T22:05:05","modified_gmt":"2017-03-29T22:05:05","slug":"investment-update-medibank-interim-dividend-march-2017","status":"publish","type":"post","link":"http:\/\/www.abyteofcommonsense.com\/?p=662","title":{"rendered":"Investment update: Medibank Interim Dividend March 2017"},"content":{"rendered":"<p>Back when Medibank was first listed on the ASX (1st Dec 2014), I picked up 1000 shares (the minimum you could buy) at $2 a share because I didn&#8217;t need to have a trading account to buy them. I&#8217;m not certain they were the best buy, but they were my first personal foray into share investing (Eli had some AFIC shares already).<\/p>\n<p>The current payment rate per share was AU5.25c per share, so I came away with a tidy $52.50. This consisted of<\/p>\n<ul>\n<li>Franked Amount $52.50<\/li>\n<li>Franking Credit $22.50<\/li>\n<\/ul>\n<p>Now, I am told that Franking is the best thing I should have going on with my shares, and it turns out these must be fully Franked! Who decided it would be called &#8216;Franked&#8217; after all?<\/p>\n<p>Unfortunately, this dividend rate has dropped from 6c a share in Sept 2016, but up from the 5c from March 2016. The other payout was 5.3 cents in Sept 2015. The first year there were no dividends, but I didn&#8217;t need to pay a brokerage fee either.<\/p>\n<p>Can anyone tell me how to make this all make sense in terms of dividend percentage yield? I&#8217;m really put out that there is no automatic reinvestment scheme and that I haven&#8217;t gotten the chance to buy additional shares. Maybe in the future? I really don&#8217;t understand how these share things work, but so long as it is paying me dividends, I can&#8217;t be too unhappy right? Google tells me&#8230;<\/p>\n<ul>\n<li>Dividend Yield = annual dividend per share \/ stock&#8217;s price per share<\/li>\n<\/ul>\n<p>The trade price today is AU$2.84, and the payout was 5.25c a share this time, and 6c last time. So&#8230; that&#8217;s a yield of 0.1125 \/ 2.84 = <strong>3.96%<\/strong>. Unfortunately that percentage is lower than the interest on my mortgage, but the share price has gone up. Also, I think this is my first source of a &#8216;passive income&#8217;, so I find that pretty exciting!<\/p>\n<p>How about you? Did you jump on the Medibank bandwagon?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Back when Medibank was first listed on the ASX (1st Dec 2014), I picked up 1000 shares (the minimum you could buy) at $2 a&#8230;<\/p>\n<div class=\"more-link-wrapper\"><a class=\"more-link\" href=\"http:\/\/www.abyteofcommonsense.com\/?p=662\">Continue reading<span class=\"screen-reader-text\">Investment update: Medibank Interim Dividend March 2017<\/span><\/a><\/div>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false},"categories":[9],"tags":[],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p6nzXS-aG","jetpack-related-posts":[{"id":508,"url":"http:\/\/www.abyteofcommonsense.com\/?p=508","url_meta":{"origin":662,"position":0},"title":"Review: Acorns AU Investment App","date":"June 3, 2016","format":false,"excerpt":"I've been trialing Acorns AU for around 4 months now, and have decided to close my account. With that in mind, I thought I'd better write a round up post (haha) to explain what I liked and didn't like about it. Far better minds than mine have written about Acorns\u2026","rel":"","context":"In &quot;Finance&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":720,"url":"http:\/\/www.abyteofcommonsense.com\/?p=720","url_meta":{"origin":662,"position":1},"title":"Uber Frugal Month 2018 \u2013 Day 6","date":"January 6, 2018","format":false,"excerpt":"This is my second attempt at an Uber-Frugal Month:\u00a0Day 1,\u00a0Day 2,\u00a0Day 3,\u00a0Day 4,\u00a0Day 5 Day 6: I can do this!\u00a0Today you should track your spending and work out your net income (after taxes etc). I can tell you that I have now got two years of total income and almost\u2026","rel":"","context":"In &quot;Finance&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":693,"url":"http:\/\/www.abyteofcommonsense.com\/?p=693","url_meta":{"origin":662,"position":2},"title":"Uber Frugal Month 2018 - Day 1","date":"January 1, 2018","format":false,"excerpt":"I missed the sign up for the uber-frugal challenge month, but I still have the notes from when I participated a while ago... So I'd like to try it again, and this time, stop making excuses for what I already do, and look for ways to make the system better.\u2026","rel":"","context":"In &quot;Finance&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":705,"url":"http:\/\/www.abyteofcommonsense.com\/?p=705","url_meta":{"origin":662,"position":3},"title":"Uber Frugal Month 2018 - Day 4","date":"January 4, 2018","format":false,"excerpt":"This is my second attempt at an Uber-Frugal Month: Day 1, Day 2, Day 3. \u00a0 Day 4: Spend less than you earn! Don't pay for cable TV! I don't have cable TV. We're currently getting our Netflix hit through signing up for the free month with different email addresses...\u2026","rel":"","context":"In &quot;Finance&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":179,"url":"http:\/\/www.abyteofcommonsense.com\/?p=179","url_meta":{"origin":662,"position":4},"title":"1st Third Budget\/Spending 2014","date":"April 30, 2014","format":false,"excerpt":"January February March April No-spend days \u00a017\/31 18\/28 22\/31 21\/30 Fuel $151.55 $210.00 $25.00 $180.00 Groceries $229.09 - $113.85 $110.80 Kidkid \u00a0- $1481.85 $154.87 $10.00 Yearly Car rego: $330 Car insurance: $626.50 \u00a0- \u00a0- \u00a0- Other \u00a0$422.27 \u00a0$244.95 \u00a0$1562.67 $262.34 Total \u00a0$1759.00 \u00a0$1935.90 \u00a0$1856.50 $622.81 Here is a documentation of\u2026","rel":"","context":"In &quot;Food&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":377,"url":"http:\/\/www.abyteofcommonsense.com\/?p=377","url_meta":{"origin":662,"position":5},"title":"Food Waste Friday - green slimy things","date":"July 17, 2015","format":false,"excerpt":"Thanks to The Frugal Girl for this awesome meme for Fridays that highlights just how much food waste goes on in developed countries.\u00a0 I have some food waste to report again. Here you're looking at some rice noodles. We simply don't eat them, so out they went to my compost\u2026","rel":"","context":"In &quot;Food&quot;","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.abyteofcommonsense.com\/wp-content\/uploads\/2015\/07\/food-waste-with-leaf-v2.1.jpg?resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"http:\/\/www.abyteofcommonsense.com\/index.php?rest_route=\/wp\/v2\/posts\/662"}],"collection":[{"href":"http:\/\/www.abyteofcommonsense.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.abyteofcommonsense.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.abyteofcommonsense.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.abyteofcommonsense.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=662"}],"version-history":[{"count":1,"href":"http:\/\/www.abyteofcommonsense.com\/index.php?rest_route=\/wp\/v2\/posts\/662\/revisions"}],"predecessor-version":[{"id":663,"href":"http:\/\/www.abyteofcommonsense.com\/index.php?rest_route=\/wp\/v2\/posts\/662\/revisions\/663"}],"wp:attachment":[{"href":"http:\/\/www.abyteofcommonsense.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=662"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.abyteofcommonsense.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=662"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.abyteofcommonsense.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=662"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}