Looks like I got charged a $40 fee by Fidelity for the dividend? Not sure if this is from the DRIP or just to collect an ADR dividend
also, my DRIP shares got purchased at $28.15. I changed my delegation in the future to not DRIP the dividend
From the VOD website:
Is there a fee to be paid by ADS holders in respect of cash dividends?
Yes, beginning in 2010, ADS holders who receive a cash dividend will be charged up to $0.02 per ADS per distribution. This fee will be deducted from your interim and final cash dividends. "
Thanks for the info, folks. I never check this kind of stuff but I should.
I reinvest all my dividends and don't pay much attention to it.
We should be fine with VOD with a regular distribution from VZ wireless on our side. I expect this stock to be in my estate when I die.
I have to call it a buy based on emerging markets and the dividend.
<<Long now since 2004, only because of the dividend, I'm considering rolling out to other securities on my buy list. >>
I sold, but I am waiting to get back in around $25. What other securities?
Precious few stocks I follow are in my buy range; doesn't mean they will go down... Also, too few of the stocks I watch have double digit returns to their Wall Street target prices plus dividends. VOD does meet my criteria, I'm just being a price pig on it.
<<Aside from the fee, I find VOD weak in stockholder communication and slow in execution of reinvestment of funds.>>
Ex-date was back in Nov. Pay date is Feb. That's the way they work. I never care when I get my dividend, just rely on my broker to make sure it gets there.
I also hold in certificated direct registration and also paid this "fee", and have done so for a long time.
Long now since 2004, only because of the dividend, I'm considering rolling out to other securities on my buy list.
Aside from the fee, I find VOD weak in stockholder communication and slow in execution of reinvestment of funds.
I also hold T and VZ and have no issues with them.
Fidelity charged me a penny a share for the transaction. My dividend was 1.095, with a 1 penny/share fee. (Net 1.085) A friend only received 1.085/share in his account with no explanation of the fee. At least Fidelity is breaking it out for us.