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Jermyzy · 02-14-2009, 09:04 AM

So I just bought some bank stocks for my RRSP. I just have a question about the dividends. There is an option for dividend and share purchase plan where they issue shares instead of cash for dividend. Let's say I have 500 share of a bank and the dividend is 0.50/share. I would normally get $250 cash in dividend payout. But let's say the stock is worth $30. That would allow the purchase of ~8 shares ($240). Will they give out the difference in value in cash?

02-14-2009, 09:04 AM	#1
Jermyzy Banned (ABWS) Join Date: Mar 2003 Location: Richmond, BC Posts: 4,694 Thanked 239 Times in 94 Posts Failed 17 Times in 10 Posts	Question about bank dividends So I just bought some bank stocks for my RRSP. I just have a question about the dividends. There is an option for dividend and share purchase plan where they issue shares instead of cash for dividend. Let's say I have 500 share of a bank and the dividend is 0.50/share. I would normally get $250 cash in dividend payout. But let's say the stock is worth $30. That would allow the purchase of ~8 shares ($240). Will they give out the difference in value in cash?