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Silly Question on Dividend Payments
#2
(03-13-2020, 04:17 PM)smullen Wrote: Please bear with me, I'm really new to this...

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... Smile
Not telling you what to do but I'd start calling company CEOs if you don't have it by 5PM  today Smile

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.   Smile
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Messages In This Thread
Silly Question on Dividend Payments - by smullen - 03-13-2020, 04:17 PM
RE: Silly Question on Dividend Payments - by fenders53 - 03-13-2020, 04:27 PM
RE: Silly Question on Dividend Payments - by ChadR - 03-14-2020, 03:44 PM



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