I choose to reinvest so mine was paid in stock. Fidelity has not reveal the cost basis the last 2 payouts. They act as though its free.
However when I run the math:
(Tot Share Count * .18) / Dividend Shares = $12.32441094 pps
What happens next month when those that don't follow the news on their stock look at there statment and see ERF has "CUT" the distribution in half!?!!?
ERF Yield will ez'ly go over 10% as a result of a lower share price.
People are so quick to argue...
Differnt brokers and different accounts get paid on different days. ERF cannot control when a person receives the payment, they only control when it is sent from them out to various financial institutions.
So yes, I am sure you in your specific case always gets paid the same way.
Just got my divvy at Fidelity- .1766375 a share which bought new shares under the Share Purchase plan -at $12.0954 a share.
However, If I look at the last five days average price - the 5% discount from ERF- it looks like the new shares should have been bought at $11.97.
Anyone else have numbers?