08-20-2014, 11:47 AM
"Synthetic DRIPs are offered by most discount brokers that will allow you to reinvest your dividends without being charged commissions.
However, there is a catch – the dividend received must be enough to purchase at least ONE whole share or the dividend balance will be distributed as cash. In other words, a synthetic DRIP will not allow you to purchase partial shares."
Do you think there is much difference between Synthetic DRIP or Full DRIP where partial shares are bought? I'll post my Jan to Jul 2014 DRIP later.
However, there is a catch – the dividend received must be enough to purchase at least ONE whole share or the dividend balance will be distributed as cash. In other words, a synthetic DRIP will not allow you to purchase partial shares."
Do you think there is much difference between Synthetic DRIP or Full DRIP where partial shares are bought? I'll post my Jan to Jul 2014 DRIP later.