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Posted by Hank Arnold on July 24, 2006, 4:48 am
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I have at least to companies that do that with their DRIP programs... I
suspect that brokerages will either bury it in their expenses or in
transaction itself...
Regards,
Hank Arnold
DP wrote:
> Curious: How common is it to charge commissions on reinvested dividends?
> I just doublechecked my Fidelity accounts that hold stocks (a brokerage
> account and a Roth IRA) and neither charges commissions on dividend
> reinvestment.
>
>
>
>> I know that 2005 is passe, but I don't race to throw money at Intuit - they
>> have more than I do.
>>
>> Why, when I enter 'income reinvested' transactions, does the commission
>> add
>> to the dividend amount not subtract? I put the dividend amount in that box
>> and the shares amount in that box, type in the commission and poof the
>> 'Total' is now bigger than the company gave me. So if I want the total
>> right, I have to go back and subtract the commission from the dividend
>> amount myself and call that the 'dividend' which it isn't.
>> I forget this every time and have to go back and correct it. You
>> would
>> think that the computer would do it.
>
>
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