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re: Why DRIPS?
Posted on 12/8/14 at 12:34 pm to TigerTatorTots
Posted on 12/8/14 at 12:34 pm to TigerTatorTots
quote:
How does it work if you are set to reinvest dividends into security on Fidelity?
I think Fidelity allows for partial shares though I'm not certain.
My experience with reinvest that didn't allow partial shares was with Smith Barney. The dividends were released into a checking/money market account that was set up at the beginning of the brokerage relationship.
One other point, the issue was only with dividends that aren't enough for a single share. Any dividend valued over 1 share would still receive shares and not cash. IIRC.
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