Schwab just sent out revised 1099's........looks like 33% of CLCT divs are now classified as ROC so you were correct
In taxable accounts one needs to keep good records of reinvested dividends and the quantity of shares purchased with each case of reinvestment. If I were to reinvest dividends as they are received, I prefer to do it in a retirement account....less record keeping.
Same problem here Utah......but then I asked myself what were my reasons for purchasing? Dividend yield was first and foremost. Even thought about selling my latest lot added @ $18 a couple weeks ago but still riding that purchase for now.
Since you're getting 1 shr OGS for every 4 shr of OKE wouldn't the new basis be allocated 80% to OKE and 20% OGS? In other words if you bot OKE at 50 a few years ago the revised bais is now 40 for OKE and 10 for OGS.
CLCT is way down the list in my income holdings... positions in COP, VZ, MRK, & MAIN are the bell-weathers.
After following the OM (poster) on SA, saw his blog on CLCT being divy play going into announcement. Although no significant gain on the 1st try, have added twice to initial position in last year. Looks like a keeper for the near term.
Don't know if those SA articles are shorts hack jobs or not as volumes are not extremely high........satisfied with the 1-2% daily share gains at this end.
Good rebuttal over on the latest SA article db. Seems like an article about CLCT lack of covering the dividends surfaces at least once a year over there.
Been in CLCT since Oct 2012 as a dividend capture. Ended up holding and added to position last February. Happy with the dividends & 40% stock gain. All the best.