Is there a on-line trading company (ex. Scottrade, E-trade.) that have a dividend reinvestment option?

Question:

I just found out that my scottrade does not actual put the dividend back into the stock, just puts in to my account so i can buy more stock (and they can get more of that money for commission!) help me please find the best site to use!

Answer:
Etrade does. I have used it for years.

Try Sharebuilder - they reinvest in your account free of charge.

www.sharebuilder.com

But also - are you sure that your account with Scottrade is set up to re-invest dividends.sometimes you have to ask.

I have never heard of a broker that does that.

You may be able to buy into a mutual fund through a broker that has dividend reinvestment, but brokers do not have DRIP plans for their customers.

I believe Firstrade does this, but you have to fill out a form to let them know you want to do that. It's not standard.

Here is a sharebuilder review:
http://www.best-stock-trading-systems.co...

Is there a on-line trading company (ex. Scottrade, E-trade.) that have a dividend reinvestment option?

Hot Topic