Stock Dividends reinvestment
I currently reinvest dividends from several stocks. Can I change them to payout dividends or do I have to sell the dividend option stocks and re-buy them as payout option stocks?
Terry Says
No, don’t sell them! That would trigger capital gains or losses. If you have the certificates, contact the transfer agent listed on the back of the certificate. If they are held in a brokerage account just tell your broker to change it to stop reinvesting dividends and mail you a check.
