Troutman26 Apr 2013 00:59
Incorrect, it's the same as the yiel, the higher the share price after the announcement of the dividend the lower the yield. If you have a dividend that is worth say £500 and you are in the DRIP scheme your £500 will buy more shares at say £3.40 per share than it would at today's price of £3.91. I trust this clarifies.