Dividend Reinvestment Program. If I participate in the Dividend Reinvestment Program, all dividends or distributions paid on eligible securities I have selected will automatically be reinvested into shares of the same security. Xxxxxx Xxxxx will purchase shares of the reinvestment security in the open market and the price I will pay will be the weighted average price paid by Xxxxxx Xxxxx in any such market transaction(s). Generally, reinvestment purchases will be made in advance of and credited to my Account on the distribution payment date. In the event the distribution payment amount on an owned security is not known in advance, the purchase and reinvestment will be made as soon thereafter as the amount of the distribution payment can be calculated with certainty, including any necessary currency conversions. If a company offers its shareholders an option to receive their dividend in company stock, known as a scrip dividend, we will use your cash or reinvest election as the basis for allocating your dividend payments. If you elect or have elected company stock and the company suspends or cancels its company stock option, we will continue your accumulation of shares, by reinvesting your dividends through Xxxxxx Xxxxx’ Dividend Reinvestment Program. If the company subsequently reinstates their company stock option and you are reinvesting, your dividends will be paid in shares in accordance with the company’s scrip dividend program.
Dividend Reinvestment Program. Except as expressly stated otherwise, the provisions of this Section 29 will only apply if I am enrolled in Robinhood’s Dividend Reinvestment Program (“DRIP”). My enrollment in the DRIP will be activated within three business days after I notify Robinhood of my intention to enroll an eligible security through the App. “
Dividend Reinvestment Program. (DRIP Program). With this feature, all dividends paid by eligible securities that you designate for reinvestment are automatically reinvested in additional shares of the same security. (For purposes of the Dividend Reinvestment Program, “dividends” means cash dividends and capital gain distributions, late ex-dividend payments, optional dividend distributions and special dividend payments, but not cash-in-lieu payments.) To be eligible for this program, a security must be held, in the account, in street name by HTS or at a securities depository on its behalf. Open orders for securities are not eligible for dividends. In designating any eligible security for reinvestment, you authorize us to purchase shares of that security for your account. Participation in the DRIP Program may be terminated at any time by giving notice to HTS. The termination will take effect with the next eligible cash distribution provided the notice to terminate was received prior to the record date of the distribution. All eligible cash distributions will be reinvested on all eligible securities that have been enrolled in the DRIP Program without commission charges provided the securities were held on the record date and the dividend payable date. All rights accruing to partial shares of an eligible security that are subject to the DRIP Program will be sold in the event of a rights offering. Proceeds from the sale will be used to purchase additional shares of the eligible security. In the event of a transfer, liquidation, or request to issue a certificate, the partial shares will be liquidated at prevailing market prices without a commission charge. Shares purchased through the DRIP Program will generally be placed in your account as of the dividend payable date. Note, however, that the stock price at which your reinvestment occurs is not necessarily the same as the price that is in effect on the dividend payable date. This is because HTS may buy the shares of domestic companies three (3) business days or less before the dividend payable date, at the market price(s) in effect at the time, in order to help ensure that HTS has shares on hand to place in your account on the dividend payable date. Other factors may require the purchase of the shares on a different business day, which may be before, on, or after the dividend payable date, e.g., dividends of foreign companies. Also, shares of securities that have an unusual ex-dividend date are purchased on the ex-dividend date and placed in...
Dividend Reinvestment Program. Except as expressly stated otherwise, the provisions of this Section 28 will only apply if I am enrolled in Robinhood’s Dividend Reinvestment Program (“DRIP”).
Dividend Reinvestment Program. If the company subsequently reinstates their company stock option and you are reinvesting, your dividends will be paid in shares in accordance with the company’s scrip dividend program.
Dividend Reinvestment Program. Baird offers a Dividend Reinvestment Program under which dividends received on eligible securities are automatically reinvested in additional shares of such securities on a commission-free basis. A description of the Dividend Reinvestment Program and the specific terms and conditions applicable thereto is contained in the “Dividend Reinvestment Program and Liquidation of Client Fractional Positions” Section of Important Account Disclosures. By participating in the Dividend Reinvestment Program, Client agrees to the terms and conditions applicable to the Program. If Client is interested in participating in the Dividend Reinvestment Program, Client should contact Client’s Baird Financial Advisor. Client understands and agrees that Baird may, in its sole discretion at any time without notice to Client, discontinue or suspend the Dividend Reinvestment Program in whole or in part, or modify its terms.
Dividend Reinvestment Program. You acknowledge that in order to automatically reinvest your dividends in the security, you must contact Integrated Investment Research and opt in for enrollment in the Dividend Reinvestment Program (“Reinvestment”). Enrollment requests will take effect within three (3) business days at a minimum. If enrollment is in effect prior to the ex-dividend date for a distribution, the distribution will be eligible for Reinvestment. In order for your securities to be eligible for dividend reinvestment, they must be in your Integrated Investment Research Account held at the designated Clearing Firm. It is your responsibility to explicitly state to Integrated Investment Research whether individual securities or all eligible securities in your Account should be enrolled in Reinvestment. You acknowledge that all eligible securities, including securities purchased in the future, will automatically participate in Reinvestment if you elect to have your entire Integrated Investment Research Account set up for dividend reinvestment. Once you are enrolled in Reinvestment, all eligible cash distributions will be reinvested on all securities you selected for dividend reinvestment, provided that you are the Account Owner of record on the record date for determining shareholders eligible to receive dividends, and continue to hold the securities through the payable date. If you are a margin Account Owner, you agree that it is possible that the Clearing Firm will borrow a dividend-paying stock in the normal course of business and, as a result, instead of receiving a dividend payment you may receive a “cash-in-lieu” payment. In the event you receive a “cash-in-lieu” payment, you authorize the Clearing Firm to handle such payment as if it was not “in-lieu” and reinvest it accordingly. You acknowledge that the Clearing Firm may facilitate Reinvestment by purchasing shares in the open market and, as a result, the purchase price for the new shares may not be known before the dividend is reinvested. Furthermore, you acknowledge that participation in Reinvestment may result in the purchase of fractional shares of securities. You acknowledge that you may terminate your participation in Reinvestment, or terminate the enrollment of individual securities in Reinvestment, at any time by contacting Integrated Investment Research. Termination requests will take effect within three (3) business days at a minimum. If termination is in effect prior to the ex-dividend date for a distribution, the d...
Dividend Reinvestment Program. In connection with the purchase of Class A common shares of the Company, the undersigned investor (the “Investor”) hereby represents and certifies to the Company that the Investor wishes to opt out of the Company’s dividend reinvestment program and instead receive cash dividends via direct deposit. Dated: Print name of Investor By: Signature Print name of Signatory (if different from Investor) Title Please provide a void cheque or appropriate banking details to receive cash dividends by way of direct deposit. Financial Institution: Address: Transit No: Institution No:
