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Energy Transfer Partners, L.P. Message Board

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  • nacf nacf Feb 15, 2012 6:43 PM Flag

    Calling all DRIP investors

    Got it today with tdameritrade at 44.39.

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    • I called and talked Schwab into it the end of last week. They got me signed up and last night I got my shares bought at 47.908. I called this AM and was told you had to be signed up by the day after date of record to get the discount, SOOOOOO I won't get it until next div. The div dept acted to my rep like this was all a big secret and wouldn't even give him a list of stocks that offered this. How stupid, if you are there to help your clients, why not automatically enroll them into any available.

      • 1 Reply to tlturbo2
      • <<<<my shares bought at 47.908.>>>>

        Obviously, Schwab went to market the day after the pay date whereas Etrade bought drip shares on the pay date.
        Both got the cash on 2/14. Schwab won't pay for yesterday's buy until 2/21, the third business day after the trade date (2/20 is market holiday). IMO, Schwab "stole" a week's interest on your ETP cash.

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