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Dividend Options - iWeb Platform

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MonroeM Posts: 174 Forumite

1 December 2020 at 3:38PM

Sally57 said:

MonroeM said:

Depends on the amounts you have invested in each of your shares. My S&S ISA is also with iWeb but I have some fairly large amounts in some shares so I go for automatic dividend reinvestment.

To make it financially viable how much would you need to have invested in a particular share for it to make sense to decide on the automatic dividend reinvestment route?

Well to a certain extent that’d would depend on the dividend yield/share price. As an example, if I held £10K in GSK shares with a dividend payment of 5.6% then to reinvest the £560 would only cost me the maximum fee of £5 which in my opinion is very reasonable. However, if the GSK share price is very high at the time I would also consider the ‘Hold in Account’ option and rebalance some other part of my portfolio that would benefit more.

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