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+--- Thread: Full Dividend Reinvestment (/showthread.php?tid=1743)
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Full Dividend Reinvestment - cannew - 01-21-2018
Other than Capital One Investing, does any other broker offer Full Dividend Reinvestment?
RE: Full Dividend Reinvestment - Kerim - 01-21-2018
Do you mean something other than just regular old reinvestment of dividends in the company that issues them? I thought that most brokers offered free reinvestment. Vanguard does.
Full Dividend Reinvestment - Rasec - 01-22-2018
Merrill edge does as well.
RE: Full Dividend Reinvestment - cannew - 01-22-2018
Most brokers only buy full shares with dividends, the remainder of the funds don't get invested. Not a big deal if one is adding funds, but for those who are not Full reinvestments and fraction of shares will help compounding.
RE: Full Dividend Reinvestment - EricL - 01-22-2018
Schwab reinvests with partial shares.
RE: Full Dividend Reinvestment - rapidacid - 01-22-2018
TD Ameritrade buys partial shares
RE: Full Dividend Reinvestment - Rasec - 01-22-2018
Ah, got it now, and yes, Merril Edge does buy fractional shares.
If I haven't recommended Merril Edge enough, here it is again, it's fantastic!
RE: Full Dividend Reinvestment - ChadR - 01-22-2018
ETrade buys fractional shares with your dividend reinvestment.
RE: Full Dividend Reinvestment - Kerim - 01-22-2018
Ah, ok. Yes, Vanguard buys fractional shares as well.
RE: Full Dividend Reinvestment - cannew - 01-22-2018
(01-21-2018, 10:00 PM)Kerim Wrote: Do you mean something other than just regular old reinvestment of dividends in the company that issues them? I thought that most brokers offered free reinvestment. Vanguard does.
(01-22-2018, 09:16 AM)rapidacid Wrote: TD Ameritrade buys partial shares
TD Ameritrade will initiate the purchase on the first business day following the dividend payable date or the first business day following confirmation of receipt of dividend funds. If the combined funds do not total the purchase price of at least one share, the distribution will not be reinvested"
RE: Full Dividend Reinvestment - Jimbo - 01-22-2018
(01-22-2018, 05:20 PM)cannew Wrote:(01-21-2018, 10:00 PM)Kerim Wrote: Do you mean something other than just regular old reinvestment of dividends in the company that issues them? I thought that most brokers offered free reinvestment. Vanguard does.
(01-22-2018, 09:16 AM)rapidacid Wrote: TD Ameritrade buys partial shares
TD Ameritrade will initiate the purchase on the first business day following the dividend payable date or the first business day following confirmation of receipt of dividend funds. If the combined funds do not total the purchase price of at least one share, the distribution will not be reinvested"
Hmmm, gonna have to look into that. Ive been with TD for some time and never had that problem.
RE: Full Dividend Reinvestment - Dividend Watcher - 01-22-2018
(01-22-2018, 05:20 PM)cannew Wrote:(01-22-2018, 09:16 AM)rapidacid Wrote: TD Ameritrade buys partial shares
TD Ameritrade will initiate the purchase on the first business day following the dividend payable date or the first business day following confirmation of receipt of dividend funds. If the combined funds do not total the purchase price of at least one share, the distribution will not be reinvested"
If you look at the paragraph that immediately precedes the quote, you will find:
Quote:TD Ameritrade will combine eligible cash distributions from my account with those from other TD Ameritrade clients requesting dividend reinvestment in the same security and use these combined funds to purchase securities on my behalf and on behalf of these other clients. ...
I've always received partial shares for over 30 years. Even when Waterhouse Securities was one of the predecessors to TD Ameritrade and a touch-tone phone trade commission (the cheapest method to trade) was $39.95.