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Dividends

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Frequent Contributor

Dividends

How and where do I specify that I want my dividends to be reinvested and not paid out in cash.
6 REPLIES

Re:Dividends

Go to My account then under My details/Preference
Contributor

Re:Dividends

What's the benefits of having it reinvested?
Regular Contributor

Re:Dividends

DWT is Exempt and it can lower your average cost
Highlighted
Contributor

Re:Dividends

Sweet, thanks Vince888, changing mine right now!!
Super Contributor

Re:Dividends

but only if the co offers the option of script and you save on DWT but it lowers your cost price (free shares) so more tax on exit ..
Simon
Super Contributor

Re:Dividends

Does this work for the TFSA account as well, where you can re-invest the dividends