FYI: You should always look up each specific companies USD dividend distribution policy. They set the policy and guidelines for their distributions, not the brokers.freilona wrote: ↑ That’s what I thought (and called to confirm before buying BAM and MG) - but nope, only US stocks and ETFs dividends remain in USD, TSX stocks USD dividends are converted to CAD at Questrade (I had a thread about it some years ago here..) Upd. Unless it’s an interlisted TSX stock purchased in USD.
Upd2. Found the thread: questrade-usd-dividends-1810917/2/ - with the post from Questrade support guy who used to hang out here:
BAM: https://bam.brookfield.com/stock-and-di ... on-history
"Registered shareholders who are Canadian residents receive their dividends in the Cdn dollar equivalent, unless they request to receive dividends in U.S. dollars."
MG: No such wording nor policy whatsoever. You should be paid in USD.
https://www.magna.com/company/investors ... /dividends
If you cannot get satisfaction with Questrade, write the Transfer Agent and cc: the corporate Investor Relations department. Spell out precisely what you want to do, in what type of account and who your broker is. Be prepared to have information at hand should they need more details like who you contacted at your broker. Names, departments, times and dates.
Corporations are responsive to broad investor questions that can effect their investor base.
Re: HAL. With such low daily liquidity, you are going to have impact costs should you try to move in or out of the ETF. No opinion otherwise. GL