To claim a mutual fund's dividend reinvestment, you typically need to enroll in the fund's dividend reinvestment plan (DRIP). This allows you to automatically reinvest any dividends you receive into buying more shares of the mutual fund. Contact your fund provider or look for information on their website to enroll in the DRIP.
I don't know the answer, but I was just made aware that we have unclaimed funds from MetLife. The funds are Mutual Funds/Dividend Reinvest Book SHRS. I was wondering what this means also.
Mutual funds dividend reinvest book shares unclaimed funds from MetLife refer to dividends from mutual funds that have been reinvested into additional shares and recorded in a book-entry system. These shares or funds become "unclaimed" if the rightful owner does not claim them or is unaware of their existence.
Yield is the interest earned on a bond, or the dividend paid on a stock or mutual fund.
A company has allocated funds to pay a dividend, but nobody has come forward to claim it.
No, corporations are not required to pay dividends on their stocks. However, some mutual funds are designed to only invest in dividend-paying stocks, so some corporations pay a miniscule dividend in order that those mutual funds might buy their stock.
Most mutual fund investors take advantage of their fund's automatic dividend reinvestment feature. That saves them the hassle of deciding what to do with the cash that comes their way periodically. If and when the mutual fund pays out a cash dividend, your cut of the dough is automatically reinvested in shares, or partial shares of the fund.
No. Investing in Mutual funds comes with its inherent risks. When you invest in a scheme it means you accepted to take care of your finances in case of losses.
You can get information on T. Rowe Price mutual funds at the website TheStreet. They have listed what they claim to be the 10 best T. Rowe Price mutual funds.
There are very different opinions on which mutual funds are the best ones. One site that lists some funds that are considered by some the best is: money.cnn.com/magazines/moneymag/bestfunds/actively.html
shareholders are taxed on the distribution of fund's income. For tax purpose, mutual funds distribute their net income to the shareholders in two ways: (1) dividend and interest payments and (2) realized capital gains.
dividend paid by the company is exempt from tax u/s 115O, but dividend distribution tax should be paid by the company as per Income tax Act before dividend.According to the union budget 2007, the rate is 15%. Equity mutual funds (with more than 65% of assets invested in equities) do not pay a dividend distribution tax, though other funds do. Liquid and Money Market funds pay 25% dividend distribution tax.
No one fund house can claim to be the number one fund company in India. The top few fund houses could be either of the below 3 fund houses: 1. SBI Magnum Mutual Funds 2. HDFC Mutual Funds 3. ICICI Prudential Mutual Funds