DRIP Problems

[Star]

(04-02-2014, 04:16 PM)dividendventure Wrote:

(04-02-2014, 11:01 AM)Star Wrote: Thanks for the replies, Forgot to mention - I am in the UK..

Hi Star,

I am also a UK-based investor. Apart from investing directly in the companies' DRIP program, I could not find any broker in the UK that supported free automatic dividend re-investment. I believe Halifax sharebuilder supports fractional shares but I am not sure if they support them for US-based stocks.

Hope it helps!

Thanks for the replies everyone. Should have stated where I am!

Venture,

It's such a setback. I called fidelity the other day, they don't do fractional shares either. But on the flip side, they do not take a percentage of the DR.

What broker are you with may I ask?

Also, with regards to DRIPS directly, who do you use?

I've always thought that keeping track would be a tedious task. If something happened and I wanted to sell ASAP.

Thanks,
Star