Dividend reinvestment

LAEllis

I've logged into my Halifax sharedealing account, brought up the dividend reinvestment account and expected to see at least some profit from my early investment (GSK, ULVR, NG and VOD) yet all are in the negative after 4 years.

I figured it's fluctuation and im playing the long game so i checked out my last automatic reinvestment purchases and almost all shares are being reinvested way above the share price. My VOD stock for example had shares bought at prices that the stock as never even been!

For example last year the plan reinvested at 312.92p. I checked the market for those dates and the prices were hovering around 210.

Am i missing something here? can anyone recommend a platform that i can impose limits on price whilst maintaining automatic reinvestment?

JohnLondon

Have you queried this with Halifax?

Thrugelmir

Is the price paid inclusive of the dealing charge and stamp duty?

Possible that the amounts you are reinvesting are too small to be economic.