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You can reinvest
dividends on any United States stock held in your account
for no charge. This service is available on all dividend
paying stocks listed on any exchange and any NASDAQ
issue.
Keeping track of your dividend reinvestment activity
is easy since all activity appears on your monthly account
statement. Your account will automatically be credited
with cash in lieu of fractional shares. Dividend monies
will be reinvested in the open market on your behalf
by placing a market order prior to the opening on the
dividend payable date.
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You can set up dividend re-investment for any or all securities
held in your account with a simple phone call or e-mail instructions
to us. You can turn dividend reinvestment on or off at any time
the same way.
The only requirement is that the cash dividend
on the shares you hold must amount to $10.00 or more. Amounts
less than this will simply be credited to your account.
This program is a great way to enjoy the benefits of accumulating
additional shares of your stocks at no cost to you.
The amount of money reinvested becomes part of your cost basis
when calculating any capital gains on the sale of the stock.
Tax liability occurs as dividends are paid.
