对呀。而且历来不管股息以现金或转换新股的形式，所有派息后股价都会受调整的呀。

ss tan, 关于这点可能您可以从了解 DRP 里新股的价钱 issue price of new shares 开始。在每一次发 DRP 都会有一则 statement, 里面有关于的定义，我截了那段如下：
the issue price of such new Maybank Shares shall not be more than
10% discount to the 5-day volume weighted average market price (“VWAMP”) of Maybank Shares
immediately prior to the Price-Fixing Date, of which the VWAMP shall be adjusted ex-Dividend before
applying the aforementioned discount in fixing the issue price.
您可以在 bursamalaysia 的网页查找，或 Google Maybank DRP Statement.

Rax Yap, 在 ex-date 或之后卖你会有股息的。

如果要拿新股需要申请的，如果你放着不理，Registrar 就当作你全部要现金。以上面的例子，你会拿到现金 RM320 (1,000股 x RM0. 32) 。

过奖啦！

不是专家啦！

Of course you can sell units less than a board lot (100 units) and it is called odd lot. The point to take note on selling odd lots is there any additional payment after deduct brokerage & other fees, usually people rather not sell due to the need to pay additional.

Taking the latest dividend. The dividend reinvestment plan is based on issue price of RM8. 00 each new MBB share and designed into 2 portions:

1) Electable Portion (RM0. 17)
2) Remaining Portion (RM0. 15)

If you are holding 1,000 units and in case you decide to reinvestment the entire Electable Portion, what you will get is:

1) Electable Portion : 21 new MBB shares & balance cash RM2:
2) Remaining Portion : cash RM150

Hence, you will get Total cash RM152 & 21 new MBB share.