Q: KBL K-Bro Linen (but only as an illustration)
Just sharing a little learning experience I recently had.
KBL do not have a DRIP. I am with a full-service broker (still, while I'm getting my feet wet as it were) who offers a synthetic drip -- but only full shares, no partial shares.
KBL pay a monthly dividend. My initial purchase was too small to allow the monthly KBL dividend to purchase an additional share under the synthetic DRIP.
I ended up adding to my holdings to get enough shares / monthly dividend to get at least the one additional share each month.
That problem typically doesn't arise with quarterly dividends.
Just sharing a little learning experience I recently had.
KBL do not have a DRIP. I am with a full-service broker (still, while I'm getting my feet wet as it were) who offers a synthetic drip -- but only full shares, no partial shares.
KBL pay a monthly dividend. My initial purchase was too small to allow the monthly KBL dividend to purchase an additional share under the synthetic DRIP.
I ended up adding to my holdings to get enough shares / monthly dividend to get at least the one additional share each month.
That problem typically doesn't arise with quarterly dividends.