Thanks for clarifying!
I am with Schwab as well and I use a software called Sharesight, which tracks Dividend Reinvestment Plans (DRP). After going through the cost basis for the DRP in Schwab, I've noticed that they are pretty much higher than if I had purchased shares that day on the open market. Can anyone share why? Very tempted to just let the money accumulate in my brokerage account and buy on the open market instead. Although DRP is convenient, I feel like I've been ripped off.
I don’t understand your comment. How does issuance impact the pricing?
Attached is a little scenario comparison to explain. Hope it clarifies the logic.
BeerBaron