RE: paying for our own dividend18 Jan 2021 15:54
In simple terms, if share consolidation happens to retain the same share price after the special dividend is paid out, for every 100 shares you owned before you will get 78.89 of new shares after consolidation. Special divi is 51p/241 = 21.1% of current share price, so the same ratio to apply for share consolidation. However in real life, it's not that easy. It all depends on how many people are still happy to hold onto the shares after the divi and consolidation. I'm happy to hold for long term for the decent dividend at 4% it's good enough for me.