Question about DRIP and when it will be executed. I always thought (and some other people too) that there must be a minimum amount of 1 EUR/GBP/USD in the pie cash to reinvest. However I just got some dividends paid and it reinvested with only 0.54 EUR available.
The DRIP reinvests automatically if it passes your pie’s threshold (or minimum investment). If your pie, for example, consists of two slices (one of 40% and another of 60%), the threshold takes the lowest slice value - 40%.
0,20 / 40% = 0,5 (or 0,50p)
With the received dividend you’ve got your order amount to pass the minimum investment for the pie, which has lead to the DRIP being executed also.
Clear. Thanks. Then 1 EUR/GBP only applies to the minimum deposit amount.