Lendlease announced Distribution Reinvestment Plan (DRP) recently and I’m planning to participate. As Stock Cafe will automatically record my dividend in my portfolio. May I know how I can convert the dividend to DRP transaction? Planning to subscribe FULL in the upcoming DRP exercise.
Basically, the way, this is handled is that you will still received the dividends (in cash), just that part of this money is used to buy back the same stocks and during the buy transactions, the cash will also be deducted accordingly.