dividends receive after sale of stock

Laurie Frederiksen on

Putting your dividend reinvesting on auto pilot can get you into all sorts of complications with your investment club accounting as we describe here:

DRIP's and Automatic Dividend Reinvesting

We highly recommend you avoid it to help keep your record keeping as simple as possible.

That said, it always amazes me that the brokers make the reinvestment in these situations. It seems like if someone has sold out of a position that their automatic reinvesting should be cancelled for that stock.

Most clubs that we see that have this issue arise call their brokers and are able to get the purchase reversed. I'd recommend you at least try that.

Laurie Frederiksen
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