I'm amazed that you would post your ignorance for all to see. First of all, there is NO accrual when it comes to stock dividends. I would be responsible for paying the full quarterly dividend if I happened to be short at the time the stock went ex-dividend but if I have covered by that time, I don't owe a penny.
Secondly, I'm not borrowing any MONEY from the brokerage; only stock held in Street name. If I had borrowed MONEY, I'd pay the brokerage call rate in the 8% area to compensate the firm for the fact that had they not loaned the money, they could have invested it themselves. But there is no compensation for usage of shares held in Street name since there is nothing useful that the brokerage can do with it.
Did I call the brokerage? Of course not - I have been in the stock market for 50 years now and I know a lot more than most brokers do.
I'm here to teach and to inform and you can now consider yourself to be educated in these important matters.
I did not say anything about borrowing money. I said that you borrowed the stock which is loaned to you by your broker for a fee. I can only assume that by your post that you did not ask the broker what that monthly fee is and you failed to get the broker loan rates. And by the way; isn't borrowing stock and receiving cash from the short sale the same as borrowing money? As the stock is owned by someone else and not just floating around as you would call in the Street Name. So; isn't your statement misleading? Very much so!