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Home > Dividend check in the mail.

Dividend check in the mail.

September 20th, 2011 at 06:17 pm

I got a dividend check in the mail yesterday from Wendy's. I am going to add that to the challenge. Normally, I re invested all my dividends thru the drip plan. (dividend reinvestment plan) but for some reason, I get checks in the mail from Wendy's and Tim Horton's, I think because Wendy's split off from Tim Horton and went with Arby's, my drip was stopped. Oh well, it is fun to get an unexpected check in the mail once in a while.

Prev. total $16,542.00
today 11.00
new total $16,553.00

Posted in $20 Challenge | 3 Comments »

3 Responses to “Dividend check in the mail.”

  1. baselle Says:
    September 20th, 2011 at 07:40 pm 1316547635
    1316547635

    It might not be that the drip was stopped, it could be that the drip switched transfer agents (the bank-like entity that manages your stock account), or that the transfer agent's default setting when things changed is to send you a check rather reinvest. If you'd rather reinvest, a possibility is to look at that setting or have their customer service rep check it. I'd take a look at any monthly, quarterly, year end statement for transfer agent contact and your account number.

  2. baselle Says:
    September 20th, 2011 at 07:47 pm 1316548059
    1316548059

    I looked again. AST is the Wendy's/Arby transfer agent. Good folks - they are very helpful. And your suspicions were correct - no direct stock purchase or dividend reinvestment plan. Bummer.

    But knowing about the on/off switch can be helpful. My thought is that when my savings run out Wink, I am going to go through and flip all the settings from reinvestment to receive checks. Smile

  3. Ima saver Says:
    September 21st, 2011 at 07:50 pm 1316634612
    1316634612

    Thanks, baselle!

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