Thread: Investing 102
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Old 12-12-2016, 06:42 PM
MPM IV MPM IV is offline
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I just learned that different brokerages pay different prices when the dividend is reinvested. I had just assumed (incorrectly) that they all got the same price.
Southern (SO) paid their dividend on the 6th. Here are some of the prices that I saw:

Fidelity- $46.46
TD Ameritrade- $47.27
Vanguard- $46.99
Etrade- $46.79
Schwab- $47.29

This may be common knowledge to everyone else, but it was the first I had heard of it.

On another note, I bought RDSB for $62 in May of 15. I picked up a little more while the price was down, and had all dividends reinvested. Today is the first time that position has been green since purchase. I know it could change tomorrow, but it was nice to see.
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