It’s luckDoesn’t this imply that holding VTI at one brokerage could be advantageous over another? My most recent VTI dividend bought at a lower price at Fidelity than at Vanguard. So I got more re-purchased shares at Fidelity. So my total return over time will be better at Fidelity? Something doesn’t add up.By my reading, it did answer your question of how. The dividend amount per share is the same regardless of your brokers, but when the cash gets to your various brokers, and your brokers buy more shares for you, they do so at different times for different prices according to their processes, so you get an unequal number of shares for the same dividend amount.Except it didn’t answer my questions. How can the same fund have a variable % dividend depending on what institution it’s held at?I really don't think you're going to get a better answer than alex_686 already gave.Bumping
If you're still wondering why ETFs operate this way, it wasn't clear that you were seeking further clarification for that.
Waiting an extra day or hour could be an advantage or a disadvantage based on how the market is moving. And it won’t be the same every time. It’s like asking if it’s better to make your IRA contribution on a Tuesday or Thursday . Maybe one turns out to be better, but it’s dumb luck.
Statistics: Posted by the_wiki — Mon May 13, 2024 4:38 pm — Replies 34 — Views 2399