Complicated maths q: re how many shares do I need to buy to generate a new share

[EverhopefulPB]

So, if anyone can help I'd be most grateful.
I have 32.35 on account having sold all my shares.
However with the residue of 32.35 I'm tempted to buy a few again just to tick along in the background, the share price is today is 41.87.

How many would i need to buy to start to generate getting a share soon ish...

Eg if I buy 3..perhaps in two years it may have built up enough to generate a share then start to snowball, if slowly... Or perhaps this doesn't make sense

Thinking this through.
If you had 10 shares, and then got a 10% dividend each year, you could buy an extra share at the end of the year.

However, I suspect 5% dividend is probably more realistic - and still generous - so 10 shares at 5% dividend to get a new share every 2 years...

Eh? Feels as though there's a lot of information missing to be able to answer this.

Up to four people can jointly own a share iirc so you need to find someone prepared to pay 25% and you put in 75%. Then split any dividend proceeds and go from there.

£32.35 won’t even buy you one share 🤨

@Mayflower282

That's right.
So if I topped up what's on account to make it one share, how many more would I need to generate enough to get a dividend of one share.

@EverhopefulPB is this something you are asking yourself or is it from a text book or exam paper, etc?

@NigelHarmansNewWife

I own cash on account from sale of shares in a company.

I'm asking myself shall I top it up to buy a share and perhaps a few others. After a while (perhaps a decade), it maybe enough to generate itself again.
I used to get a share each quarter before the sale.

I don’t think anybody on here can say without having info on dividends? Is it paying out £5 per share twice a year or 20p per share annually!

No, it doesn't make sense.

It's not the maths that's complicated, it's that there isn't enough info here for anyone to answer.

Most shares pay a dividend. They can be offered as cash only but some companies (not all) offer shares as an alternative - it sounds like this is what you had opted for? The value of dividend (whether cash or shares) usually changes each period.

And if you didn't want to sell all your shares, why did you?! You usually have to pay dealing fees to buy or sell, typically around £10 per transaction.
Also recommend buying within an ISA if you have an allowance remaining, then growth and divis will be tax free.

Okay - I mean you presumably have more info on the performance of the shares and the dividends paid. No one on here can advise you. I mean if you've given the given the actual share price we can have a guess which of a handful of companies it might be! If you do decide to buy, make sure you get permission deal in line with the company policy if required. The pp is right though, you'll have paid fees and will have to pay again to buy shares.

The share price is 41 pounds?

@BusyMintCrab I used to get 1 share as reinvestment on about 5 grand worth of shares each time they paid it out.

There are dealing costs associated with buying shares. Unless you have access to some free dealing service it won't be worth your while buying such small amounts. Most stockbrokers also have a minimum transaction amount too.