I have a number of shares [ companies ] and opt for dividend script option on some. JUST RECENTLY, after the new rules for "banking /finance " came in I started getting letters to say they are holding the residue in trust till next dividend payment [ dividend total is say £10.13p and 5 shares purchased is £10 = 13p left] , usually 6 months, and will repeat this action quarterly! SO I get a letter saying they are holding 13p*, another share 27p and another share 57*p and today a fourth share saying holding 42p. Second class is 58p postage, sheet of paper and envelope ? 2p so they have sent me [ actually 6 letters *] that's £3.60 also had to pay wages to do whatever to get it into the post so lets say total of a £5 to tell me they are holding £1.39p [ still got 2 of them to submit second quarterly advice] so likely cost is over £6. that's 8 envelopes and sheets of paper in an age when they say "save the tree's"
I get hundreds of letters from utility companies, Pizza restaurants and PPI companies. If only they could send me the money instead.....
