If I have a pie with just one stock in it (yes, what is the point ha ha) and the minimum investment is ÂŁ1.00. Does that mean once the DRIP reaches ÂŁ1 it invests, or does the auto buy only trigger when the cost of one whole share is reached?
For example, I have a tester pie with AGNC in it, that will pay me about ÂŁ5 any day now. So, will that ÂŁ5 auto invest, or save up to the value of one whole share and then the auto buy happens as part of the DRIP.
One other question, when the auto invest goes through, do we get a notification so I can update stock events with the correct number of share.
Oh, one other question, where the hell is the dividend tracker we’ve all been asking for…lol. It’s been 84 years…..
The way DRIP (Dividend Reinvestment) works in pies isn’t tied to the price of a full share - it’s based on a reinvestment threshold. Dividend reinvestment can happen in the following cases:
When the cash in your pie goes above its reinvestment threshold, dividends are reinvested automatically. This threshold isn’t fixed - it’s based on the smallest target weight within the pie.
During an AutoInvest event, any cash already sitting in the pie is combined with the new deposit and invested together.
During a Manual Invest event, all available cash in the pie is also invested together with the amount you add.
Yes, you’ll receive notification.
Unfortunately, there aren’t any updates regarding this feature. If there’s any news, I’ll let you know
So, another question about how the pies work with paid dividends. I hope I am clear in what I mean.
I never buy shares using the pies, I buy new shares outside the pie and then import them. I recently did this with a stock, but when the dividend was paid, it didn’t go on the pies funds, but to cash, so was sitting outside the pie. The ex date for this stock had already occurred, before I imported it into the pie.
Is it as simple as ensuring the stock is in the pie before the ex date and then the dividend will pay into that pies cash or is it a case of to ensure the dividend is paid into the pie, I have to buy the shares of the stock inside the pie?
Hopefully that all makes sense.
Thank you and here’s a donut for your efforts. O
You’ve got it right For dividends to be paid into a pie’s cash, the shares must be held inside that pie before the ex-date. Otherwise, the dividend will go to your account’s free funds if the stock is imported after the ex-date.
Yes, you’ll receive notification.
For dividends to be paid into a pie’s cash, the shares must be held inside that pie before the ex-date. Otherwise, the dividend will go to your account’s free funds if the stock is imported after the ex-date.