did a little checking on when and how the reinvestment works. fido purchases the shares 3 days before the div. pay date and vanguard will purchase the shares on the opening of the pay date. i think sometimes you win or lose.
do ever wonder where or how they come the reinvestment price on dividends. i have ask a few brokerage firms that question and i always get a different answer. the most common is they go back 3 days and come with an avg. price. i like that one. but, with fido i paid $ 32.00 for my shares today. it was above 32 0n 2/11 for a while, but close under 31. go figure.