My $179.09$SCHD dividend just landed in my Roth. But I'm not $179.09 richer. A dividend isn't free money — it's the ETF handing me back part of what I already owned, in cash. The share price drops by the same amount. Think of it like moving money from your left pocket to your right pocket. I used it to top up: SCHD is now at 675 shares, $IDVO at 87. Did you get a SCHD dividend? What did you do with it? Stock cards: https://www.simplysafedividends.com/?affiliate=dapperdividends
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32 Comments
Clantosa
@clantosa · 27d
Thanks for reminding me. Just logged in and reinvested all my dividends. Working towards a 100k position in this. SCHD all the way
Scott S@scottsinvesting · 27d
What did I do with my $SCHD dividend? The same thing I’ve done with every dividend since December 2011, I reinvested it… Appreciate you educating those that don’t know how dividend distributions work. Cheers Russ…
Dee @blossom8573 · 26d
Not etf specific. Every dividend paying stock drops on ex dividend day by the amount of the payout.
CoderDonna @coderdonna · 27d
But. Doesn't the share price generally go up again, as much as the dividend, and then higher? I mean, they don't make the distribution and the share price stays down. Right? So your total position goes up, even if you don't DRIP...yes?
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