03-13-2020, 04:27 PM
(03-13-2020, 04:17 PM)smullen Wrote: Please bear with me, I'm really new to this...Not telling you what to do but I'd start calling company CEOs if you don't have it by 5PM today
I have three stocks that were due to pay out today.
I have all my stocks that pay Dividends enrolled in the DRIP, so it should hit my brokerage account for a hot second then come back out to buy shares or partial shares, incrementing the share counts to the amount earned.
EX:
DOW Payable Date 03/13/2020 Rate 0.70 per share
MAIN Payable Date 03/13/2020 Rate 0.205 per share
O Payable Date 03/13/2020 Rate 0.2325 per Share
The totals would have only came out to a couple of Bucks, but its my couple of bucks and I was excited to see this thing work.
I figured I'd see it when I logged into my E-trade this morning, nope, then I figured I'd see it at the end of the trading session, nope.
How does this work??? Somebody better pay up...
I don't DRIP anymore, but yes it is just a couple lines of accounting as the money is paid out and buys a fractional share. Almost everything in investing world takes a few business days to officially post and transfer ownership of share(s).
Patience Grasshoppa, you won't be rich until early next week.