NBDB - DRIP availability

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Sep 15th, 2020 12:11 am

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Sep 12th, 2020 6:39 pm

lc39nav [OP]: Jr. Member; Jan 21, 2012; 107 posts; 53 upvotes; VANCOUVER

Sep 12th, 2020 6:39 pm

NBDB - DRIP availability

Hi everyone,

Does anyone know if National Bank Direct Brokerage (NBDB) offers dividend re-investment plan (DRIP) on any securities (mainly interested in iShares ETFs but also stocks)?

I looked over their website and cannot find any reference to this.

Sorry, I also looked over the forum and didn't see any general thread for NBDB.

Thanks!

4 replies

Sep 13th, 2020 2:48 pm

Corfius: Jr. Member; Nov 12, 2014; 125 posts; 103 upvotes; Levis, QC

Sep 13th, 2020 2:48 pm

Yes they do DRIP. You have to call an agent to set it up for you. I DRIP some stocks and 2 Vanguards ETF so I'm pretty sure you will be fine with iShares.

+1

Sep 13th, 2020 4:45 pm

reversi: Jr. Member; Dec 26, 2019; 176 posts; 104 upvotes

Sep 13th, 2020 4:45 pm

Corfius wrote: ↑ Yes they do DRIP. You have to call an agent to set it up for you. I DRIP some stocks and 2 Vanguards ETF so I'm pretty sure you will be fine with iShares.

Do you know if they honour DRIP discounts?

+1

Sep 14th, 2020 7:27 am

Corfius: Jr. Member; Nov 12, 2014; 125 posts; 103 upvotes; Levis, QC

Sep 14th, 2020 7:27 am

reversi wrote: ↑ Do you know if they honour DRIP discounts?

They do on the stocks I drip (AQN for example).

+1

Sep 15th, 2020 12:11 am

lc39nav [OP]: Jr. Member; Jan 21, 2012; 107 posts; 53 upvotes; VANCOUVER

Sep 15th, 2020 12:11 am

Corfius wrote: ↑ Yes they do DRIP. You have to call an agent to set it up for you. I DRIP some stocks and 2 Vanguards ETF so I'm pretty sure you will be fine with iShares.

Thank you very much! I sent them a secure message to get it applied to my VEQT units in my TFSA and they responded very quickly.

I feel NBDB is quite underrated all things considered.

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