How long does it take to purchase shares through the Southern Investment Plan with reinvested dividends?
There is one investment period each quarter generally on the 6th of March, June, September and December. A purchase scenario for a typical quarter follows: • 3rd – Independent broker-dealer is provided with tentative amount of reinvested dividends and can begin purchasing shares on the open market • 6th – Dividend Payment Date • ?th – After a period of days and trades, when final trade settles, shares are received from the broker and credited to respective stockholder accounts. Note: Purchases will generally be completed within 30 days of the dividend payment date on the 6th. • Following the end of each calendar quarter of March 31, June 30, September 30 and December 31, a comprehensive account statement reflecting all account activity including the purchase of shares with reinvested dividends is mailed.
