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Hardup4cash

Member since: Oct 09
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Age: 20's
Jeffersonville, Indiana
Hardup4cash Brokerage Account
Posted November 03, 2009 (05:16PM)
I recently purchased shares of 2 MLP companies that do not have drip or direct reinvestment plans. I plan on holding both of these long term. I was wondering if Tradeking has a plan that would automatically reinvest the distributions for me instead of depositing them into my account. If they do have such a plan what are the possible costs and who should I contact to set it up.
Thanks
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OldFart

Member since: Jun 08
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Posted November 03, 2009 (06:08PM)
call TK Customer Service, see similar thread here - http://community.tradeking.com/forum/topics/3915/forum_posts?last_page=true
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StefanMcVeigh

Member since: Jun 07
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Age: 20's
Charlotte, NC
StefanMcVeigh TradeKing Staff Member
Posted November 03, 2009 (09:24PM)
Hardup4cash,

Please contact us tomorrow through live chat we would be able to review the symbols for you. We are also available over the phone at 877-495-5464 if you would like to call us. Currently we offer a DRIP program which would allow dividends to be reinvestment into new shares including fractional shares. Below I have provided a link to the section of our FAQ which goes through more details on our DRIP program.

http://www.tradeking.com/FAQ/Accounts/basic.tmpl#DRIP

Best regards,

Stefan McVeigh
TradeKing Customer Support