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Energy Transfer Partners, L.P. Message Board

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  • dar200 dar200 Feb 21, 2012 8:52 PM Flag

    Calling all DRIP investors

    Fidelity finally got around to posting my drip shares this afternoon right at the discounted price with rounding differences at the hundreth of a cent.

    While etp reports the reinvestment price on its website rounded to the nearest cent, there is no question they are dividing dollars by the drip price to 4 or 5 decimal places.

    Any more Schwab clients NOT get the drip price?? Post here so others will know whether the client has to make noise to get the discount at Schwab.

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    • Dar -

      The summary you gave is excellent. The various brokers have assorted policies from not participating, participating ONLY if you have an account with X dollars and call, to others that enroll everything.

      When I complained to a prior broker they said too bad. I moved everything including my family pension trust to TD Ameritrade. Opened 4 seperate accounts, was paid $2400 to move my money there and other than the usual glitches have good service.

      Do have one ususual happening, one of my discount companies - TD calls them "Specials" and does require a notification and seperate sign up - dropped about 7% between the dividend pay date and the date they got paid from the transfer agent in Canada. Instead of accepting the shares at the discount, they bought in the open market as it was cheaper for their customers.

      ARB

 
ETP
37.80-0.49(-1.28%)Sep 23 4:02 PMEDT