Q: Hi All:
RBC just paid their quarterly dividend on Friday. The DRIP portion bought new whole shares. The closing price on Friday Aug 23 2019 was $96.60. The DRIP repurchased at $99.6542. A big noticeable difference this time. This shows up in my account as a purchase on Aug 23 2019. I have read somewhere that the DRIP price is an average. Over how many days do they average? Is this standard practice that all companies with DRIP's do this? ie: CM, BNS, BCE, etc I have been also wanted to know when Peter does a webinar he usually covers a few stocks worth watching. Where, if any, would this be found on 5i? I recently put in to follow 'MIsc' Which covers a lot of general information for all investors. Thanks again for your very useful and resourceful answers. Ken ...
RBC just paid their quarterly dividend on Friday. The DRIP portion bought new whole shares. The closing price on Friday Aug 23 2019 was $96.60. The DRIP repurchased at $99.6542. A big noticeable difference this time. This shows up in my account as a purchase on Aug 23 2019. I have read somewhere that the DRIP price is an average. Over how many days do they average? Is this standard practice that all companies with DRIP's do this? ie: CM, BNS, BCE, etc I have been also wanted to know when Peter does a webinar he usually covers a few stocks worth watching. Where, if any, would this be found on 5i? I recently put in to follow 'MIsc' Which covers a lot of general information for all investors. Thanks again for your very useful and resourceful answers. Ken ...