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Bullboard - Stock Discussion Forum Bank of Nova Scotia T.BNS

Alternate Symbol(s):  BNS

The Bank of Nova Scotia is a bank in the Americas. The Bank offers a range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. Its segments include Canadian Banking, International Banking, Global Wealth Management and Global Banking and Markets. The Canadian Banking segment... see more

TSX:BNS - Post Discussion

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Post by NonCredibleSrc on Jul 19, 2023 11:28am

DRIP

For those in the know, what price should I expect my drip shares to come in at?

Assume that I have about $1000 in this div distribution to be re-invested. Would the drip shares come in at the price of the stock when the div was earned (IE, $65.30 on Jul 3rd) or the price of the stock on the day the div is paid (Jul 27 assume current price $66.77)?

TIA for any help based on yor previous experience.
Comment by TimeBuilder on Jul 19, 2023 11:49am
FYI: It  all depends on your investment style and how it was originally set up. Are your holdings controlled by a brokerage DRIProgram ( shares bought on the open market with your div/dist's ) or by a Corp company treasury DRIProgram. We have found over the years that Corp Treasury DRIP's were the best IF they offered a discounting buy program ( per their web site ) and you do not ...more  
Comment by TimeBuilder on Jul 19, 2023 12:10pm
FYI: Copied from BNS web site Noted: in the past we  DRIPed every Div/Dist possible to take advantage of any discounting. Quote : Common and preferred shareholders wishing to acquire additional common shares of the Bank may take advantage of a cost-free Shareholder Dividend and Share Purchase Plan. At this time, the bank has decided to issue additional shares from treasury ...more  
Comment by rad10 on Jul 20, 2023 8:04am
  I am dripping through Scotia iTRADE.  I am intrigued to see if there is a material difference. I'll go speak to someone at the branch.
Comment by TimeBuilder on Jul 20, 2023 9:59am
Hey rad10,  Back in the Day. this was a BIG learning step for us to understand the  different types/styles of DRIPrograms..;>O Noted: If any of our original buy in investments had a Corp.Treasury DRIProgram with discounting after doing our DD. We asked our broker (TDWB) to set up this up for us.  No problem with TDWB but we had heard some discount brokers make their client ...more  
Comment by Toweringmars on Jul 20, 2023 3:17pm
If it keeps dripping you should seek medical attention.
Comment by TimeBuilder on Jul 22, 2023 12:31am
or smoke more
Comment by YupnDump on Jul 27, 2023 7:03am
what this dog needs is some GRAVY TRAIN
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