Q: Hi, With respect to recent topic of DRIP discounts, we have had our accounts with CIBC Investors' Edge for a long time and we have never had any issues receiving DRIP shares with a discount, if the company offers it. Of course, the brokerage only buys DRIP shares with a minimum of 1 share and balance of dividend is received in cash. Generally, we would need to make sure that we call the brokerage to register a DRP with the company well before the Dividend Payment Date, preferably before stock going ex-dividend.
If company does not have a DRIP program, then brokerage also offers a Synthetic DRIP, as per the their own approved list of names.
Hope this helps.
Thank You
If company does not have a DRIP program, then brokerage also offers a Synthetic DRIP, as per the their own approved list of names.
Hope this helps.
Thank You