S&P/ASX 200 Index (ASX: XJO) shares are down 0.57% amid the US Fed cutting interest rates and new Australian jobs data being released today.
Meanwhile, ASX 200 companies are announcing their dividend reinvestment plan (DRP) share prices after a period of post-results trading.
During this time, ASX companies have calculated their DRP prices using various methods.
DRPs enable shareholders to automatically reinvest their dividends in more shares instead of receiving a cash payment.
Sometimes, ASX companies offer a DRP discount to encourage investors to reinvest their shares income.
For example, Evolution Mining Ltd (ASX: EVN) gave a 5% discount to the more than 50% of shareholders who reinvested this time around.
Each ASX company has a unique process for determining its DRP share price.
Most companies use an average aggregate share price calculated from a set period of trading days after the dividend record date.
Then they issue the new DRP shares to investors on the same day as they pay the cash dividends out.
Other companies are different.
For example, Australia's biggest miner, BHP Group Ltd (ASX: BHP), buys its DRP shares in the days after the dividend payment date.
Let's take a look at the DRP share prices for a few other companies.
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Invested in Coles shares? Here's your DRP price
Coles Group Ltd (ASX: COL) announced a fully franked final dividend of 32 cents per share payable on 22 September.
The supermarket network calculated its DRP share price by taking the arithmetic average of the daily volume weighted average market price of Coles shares traded over five days from 10 September.
This led to a DRP share price of $23.8322, with no discount applicable.
The Coles share price is currently $23.67, down 0.36%.
Investors will receive their DRP Coles shares on 22 September.
What about Suncorp shares?
Suncorp Group Ltd (ASX: SUN) announced a fully franked final dividend of 49 cents per share payable on 24 September.
The insurance giant calculated its DRP share price by taking the arithmetic average of the volume weighted average market price of Suncorp shares sold on the ASX and Cboe between 26 August and 4 September.
This led to a DRP share price of $21.17, with no discount applied.
The Suncorp share price is currently $20.35, down 1.3% on Thursday.
Investors will receive their DRP Suncorp shares on 24 September.
Here's the Computershare DRP price
Computershare Ltd (ASX: CPU) announced an unfranked final dividend of 48 cents per share payable on 15 September.
The ASX shares registry and administration services company calculated its DRP share price by taking the arithmetic average of the daily volume weighted average market price of all Computershare shares sold on the ASX over 10 days from 25 August.
This led to a DRP share price of $37.64, with no discount for investors.
This ASX 200 industrial share is currently trading at $37.10, down 1.3%. .
Investors will receive their DRP Computershare shares on 15 September.
