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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?


To: E_K_S who wrote (7715)2/14/2011 2:44:40 PM
From: E_K_S  Read Replies (2) | Respond to of 34328
 
Update Dividend Reinvestment w/ 5% discount

According to my TD Ameritrade Account Executive they can participate in the DRIP w/ 5% stock discount programs for Canadian Companies.

Stocks I own that qualify include:

PVX w/ 5% discount
PWE w/ 5% discount

Also when you transfer shares to them (in my case from Schwab) you get special perks for your business. This includes free trades, gift cards etc.

It just happens that I have three brokerage accounts: Schwab, Ameritrade and Vanguard w/ Schwab being the largest. Ameritrade does provide special lower rates for foreign securities that I use. Now Ameritrade offers Canadian Foreign Company DRIP programs w/ 5% discount that Schwab does not offer.

EKS

Ameritrade is going to send me a list of those Canadian Companies that offer a reinvestment DRIP w/ a stock discount. These companies may be potential new buy candidates. Both PVX & PWE are good dividend paying companies IMO.