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Dividend Reinvestment
Dividend Reinvestment
The Dividend Reinvestment program is offered to our customers who have opened a brokerage account through our clearing firm, Penson Financial Services, Inc .
The Dividend Reinvestment program can accumulate more shares of the securities held in your brokerage account by automatically reinvesting dividends. This service allows you to purchase fractional shares by reinvesting the dividend you receive into your brokerage account without paying commission. You can sign up for this program for specific stocks or enroll the whole account for this program. The whole account enrollment will automatically reinvest dividends for any eligible equities in the account.
You can sign up for this program by completing this Dividend Reinvestment Authorization Form and fax to (949) 421-0207 or call (800) 433-0003 for help.
Please click this link: IRS/FAQ to see how the Internal Revenue Service, United States Department of the Treasury treats the Dividend Reinvestment Program.
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