Where do fractional shares comefrom?

N

noob_trad3r

Since shares are not traded in fractions where do they come from when dividends reinvest you get something like 40.3583 shares etc..

stocks like JNJ etc..
 
From mergers/acquisitions sometimes too.
So ex: you might own 100 ConMed and its get bought by JNJ for .43 shares of JNJ.
 
I had this question, too. I got KFT shares as a dividend payment from MO a few years ago. I sold them, but I'm left with like .148 shares of KFT in my account that I cannot get rid of, and the people at Scottrade don't know how to get rid of them, either. You obviously can't sell a fractional share.
 
Quote from IronFist:

I had this question, too. I got KFT shares as a dividend payment from MO a few years ago. I sold them, but I'm left with like .148 shares of KFT in my account that I cannot get rid of, and the people at Scottrade don't know how to get rid of them, either. You obviously can't sell a fractional share.
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heh, you should be able to. Etrade has a special sell fractional shares option.

but the problem is do you want to waste commission to sell .148 shares :)

I am surprised none of the pros here have been able to answer this question. I never see fractions of shares trading on etrade pro.
 
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