Quote:
Originally Posted by 96z28ss
Obviously not a big deal to you but that would mean an extra $86 for me.
Newbie question here. If the dividend is reinvested do I still pay a brokerage fee for buying that 1 stock? so would it be better to save a years worth up then buy more.
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Remember that $86 is FOUR TIMES PER YEAR....and grows each quarter as you buy more shares with the reinvested dividend. It's like a snowball on a downhill slope... after a while it will take off on it's own!
Oh --- can't not post and poke you in the eye at the same time.... my Annaly (NLY) dividend this quarter was $13,750. I added 10,000 shares to the name (now 35,000 shares) so next quarter it'll be even bigger.
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