Dividend Growth Split Corp T.DGS

DGS - DRIP

[Inglewood]

Has anyone else not recieved their DRIP shares? I've been waiting since Jan 15, but nothing....

[Eoj123]

Personally I go cash. Unless there's a drip discdiscount offered by the a company it seems to seldom be at a good price to buy more. The benefit however is there isn't a trading fee with the drip 

[Inglewood]

Good advice.. I switched mine to cash.. For the record, the DRIP shares came in at $5.20/share... closing price on Jan 15 was $5.20.. no discount 

[flamingogold]

I take cash as well and if not needed for any new purchases the funds go directly into money market earning close to 5%. Money making money. The MM fund is marginable too as I can have open bids and buy equities even though the actual "cash" in the account is zero.

[parcheg]

flamingo: can you clarify how funds go into MM? Without incurring commission? Rgds

[flamingogold]

parcheg, I use TD WebBroker. You can keep your cash in TDB8150 at 4.55% CAD or TDB8152 at 4.9% US and trade against it. Perhaps the other brokers offer this as well. I know Scotia even gives more than TD. I keep my cash balance at zero and whenever I make a trade I just pull the equivalent out of the MM account. No fees, no penalty. You get paid once every month, either as drip or cash. GL https:

[AnEducator]

People here should take note of this extremely useful strategy. I have advised people to buy a High Interest Saving Account ETF which has been paying over 5% (symbol CASH) as an alternative, but TD does not allow clients to invest in it.