I own 70m shares as 3 separate blocks. Still showing only 1x Property to be received.
https://pasteboard.co/JWVWata.jpg
https://pasteboard.co/JWVWata.jpg
Started by Dictator [1841746] on in Bugs & Issues.
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Counted by TornLife from the archived posts.
Q2e) What happens if I own one increment of a dividend stock, and then purchase another?
If you have not yet made time progression on the previous increment that you owned, it will be as if you bought multiple increments at the same time. When the daily cron runs at midnight (see Q1), time progression towards the multiple dividends will begin.
If you have made time progression on the previous increment that you owned, this will not reset, and you will not make any progression toward the additional increment until the first one fully matures. An example:
- You have owned one increment of FHG for 3 days. You now decide to purchase a second increment of FHG.
- After 4 more days, you will receive 1 FHC.
- After a further 7 days, you will receive 2 FHC.
You can choose to sell and re-buy both increments if you believe it to be worth it. This will reset the time progression so that it begins towards maturing multiple dividends.
Mentions: Stocks FAQ