Bank of Nova Scotia T.BNS

DRIP

[NonCredibleSrc]

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.

[TimeBuilder]

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

[TimeBuilder]

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

[rad10]

  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.

[TimeBuilder]

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

[Toweringmars]

If it keeps dripping you should seek medical attention.

[TimeBuilder]

or smoke more

[YupnDump]

what this dog needs is some GRAVY TRAIN