12-02-2014, 03:50 PM
I think some DRIPs work like mutual funds, where you are not purchasing in "real-time" at the current spot price. Rather, they aggregate funds and make purchases at end of day prices, or maybe even with a lag of a few days. I doubt they are trying to screw you and that if the price moved in the other direction, you might just as easily have benefitted from the lag. In any case, I suspect you're going to get some variation of the "administrative processing" answer.