OTCPK:VREYD - Post by User
Post by
manifest30on Sep 09, 2013 6:36pm
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Post# 21728111
Drip question
Drip questionI'm with Scotia itrade house 085~ I've called them inquiring about setting up drips before and they said with TOG as soon as it pays the first dividend i can have my dividends automatically reinvested by asking them. same goes for any other company that pays a dividend.. simple enough..
Now my question is this.. the companys DRIP plan where i get a 5% discount each month on shares how do i go about that? Do i need to send anything to the company or should scotia be able to enroll me in that as well? thanks for anyone familiar with drips. Maybe each company is different.
I have roughly $5000 invested here at about 1.58 in my RRSP account and i'd like to set the drip up and let that grow over time hopefully! (as long as the company performs!) If i like what i see i'll add on any market weakness.
In any case thanks for any reply!