3Settimana·

Automatic drip

Yesterday the dividend was paid out. To my surprise, today the proceeds were automatically invested in new shares by order execution.

Is this normal for this share? Or is it due to my provider (ING)? At least I did not set this up knowingly.

Many thanks for your feedback in advance.

5 Commenti

Thomas@Thomas_1963

3Settimana

It was exactly the same with Consorsbank. I first had to inform them that I would like to have the dividends paid out.

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MarTheRadi@marda304

3Settimana

Ing does this automatically if the distribution for ETFS is over €75. For shares even from 10€ dividend. Can be switched off. Point "Automatic reinvestment"

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Super_Geroy@Super_Geroy

3Settimana

In the settings at ING there is a switch for reinvestment for ETF dividends from €75 net. You cannot change the amount, you can only select yes or no.
If you select yes, the purchase is always made on the next bank working day.

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