How to Reinvest Your Company Stock Dividends
Transcription
How to Reinvest Your Company Stock Dividends
How to Reinvest Your Company Stock Dividends Any dividends you receive as a result of owning company stock are deposited into your Fidelity Account ® as cash by default. You can change this option so that dividends are reinvested to purchase more shares of company stock.1 To do this, simply follow these steps: 1. Go to Fidelity.com. 2. From the main menu, select Accounts & Trade, followed by Update Accounts/Features, and log in. For illustrative purposes only. 3. Select Dividends and Capital Gains under Brokerage & Trading. For illustrative purposes only. This page is where you update the distribution method for any dividends and capital gains that may be paid out for your equity and mutual fund holdings. Note: You will be given the opportunity to apply the update to all similar securities/positions in your account. 1 4. Click Update for the specific security you wish to change. For illustrative purposes only. 5. Choose either “Reinvest in Security” or “Deposit to Core Account” and decide whether you want the change to apply to all similar equity positions. You can also indicate whether you want the change to apply to future purchases, transfers, and deposits. 6. Click Update when you are done to complete the transaction. For illustrative purposes only. Reinvest in Security means that any dividend or capital gain paid will be used to purchase additional stock for you. Deposit to Core Account means that any dividend received will be deposited into your brokerage account as cash. You may also make a change to your dividend payment option by calling a Fidelity Stock Plan Services Representative at 1-800-544-9354 any time between 5 p.m. Sunday and midnight Friday, Eastern time, excluding holidays of the New York Stock Exchange, except Good Friday. You must make your election through a phone representative before 9 p.m. Eastern time by the record date to affect a pending distribution. If making the election online, please allow up to three business days for processing. Recordkeeping and administrative services for your company’s equity compensation plans are provided by your company and its service providers. Fidelity Brokerage Services LLC, Member NYSE, SIPC 900 Salem Street, Smithfield, RI 02917 1.920739.104 562288.6.0SPS-DIV-FS-1115 1 2
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