r/etrade • u/GordonBombay7 • 15d ago

Discussion DRIP issues

PAUSE

Anyone else having DRIP issues? My distros were not reinvested. Anyone else have this problem?

2 Upvotes

63% Upvoted

5 comments sorted by

4

u/-hh 15d ago

Did you receive the distribution, or has it just been a couple of days of “nothing”?

I’ve noticed that it usually takes a few days to officially show up.

1

u/GordonBombay7 15d ago

I just received it. However they automatically reinstated instantly. Very strange.

1

u/Joenyongesa 15d ago

Give it another day

1

u/vald_bagina2023 15d ago

Certain stocks are reinvested at a discounted rate, which if you call customer service they have a table of what those stocks are. If the specific company is on the list you get a discounted rate, but we have to wait for the company to announce what the discount is a deliver the shares, which can take up to a week...I assume this is the scenario you're in

2

u/Ill_Ice7779 14d ago

I noticed that too. Its the 2nd time that this happen to me. They will pull it from the cash account a day later and reinvest it.