Both my Dad and I own and DRIP shares of O, but I use ETRADE while his shares are with TD.
I've noticed that we often see differing values with reinvestment prices in the same companies. Most recently, my O shares reinvested at 50.559, while his reinvested at 50.96. How exactly do these brokerages determine the reinvestment prices they use? More importantly, can one brokerage be proven to regularly provide a better purchase price from DRIPs? I'm going to continue tracking this for my own purposes, but obviously I have a very limited data set so I was wondering if anyone could provide more clarity on the issue.
It's very possible that over the long term(decades), it might make a very significant difference which brokerage I choose to DRIP with, if one consistently provided a superior value. What do you guys think?
Submitted April 17, 2018 at 11:29AM by PM_ME_SEXY_STUFF_NOW https://ift.tt/2HqdaEe
