RE:RE:RE:RE:Time for a more serious post about the chances of a dividendMy experience with my daugther's account with RBC is that if the account is registered for participation in a DRIP program then even if the DRIP is discontinued RBC purchases the shares on the open market provided the dividend is sufficient to cover the cost of the purchase. There is no brokerage fee. This is what happened with Enbridge after Enbridge discontinued the DRIP. In her case she will continue to get ALA shares after the DRIP is continued through purchases by RGC on the open market.
suckrd wrote: When the DRIP is discontinued after Jan. 15th payment, will the brokerages, TD. and RBC automatically purchase the shares that would have been purchased under the DRIP program at market value or do they require an order to purchase. Presently hold a large position in ALA but not ready to reduce my holdings at this time. Thank you for any info you can give me. Best to all in their investments in the upcoming year.