Dividends.. what do you do with your payments???

K9cuddles

I've just realised that from September 2003 I have managed to waste £173 of dividend payments. So I thought I better get something organised!! I've arranged (as of Friday) for any future payments to be paid in to my ISA.

Is this the best thing to do with them?? I can't reinvest it and buy more shares, but I can't as I'm in an employee share scheme. Or should I put it in m pension??!!

deemy2006

Yeh, dividend income should be reinvested into your isa. so that it grows...

Go for the likes of UU, best is to buy about 2 months before the ex-div date, then sell a couple of days afterwards.

K9cuddles

I can't alter my monthly contributions that quick.. I only buy £20 a month and my employee matchs it with another £20.. so I don't buy more then this amount!!

But okay.. atleast I've done the right thinkg and paid it to my ISA.