Noticed that one of my equity mutual funds in my taxable account did not distribute a dividend in June. Dividends for this fund are normally distributed on a quarterly basis. Dividends were distributed in March, Sept. , and Dec. When I called customer service I was told it is at the discretion of the fund manager whether dividends are distributed or not.
I am a little confused by this as this particular fund has over 500 stocks in it. So what happens to those dividends that maybe a portion of the companies did distribute a quarterly dividend in June? This is a tax managed fund with Vanguard. Does the fund manager reinvest the dividends? If so I should have still received them as additional shares....No? A little confused.
And in March there was a dividend payout but less than $100 whereas in Sept. it was $3200?
I am a little confused by this as this particular fund has over 500 stocks in it. So what happens to those dividends that maybe a portion of the companies did distribute a quarterly dividend in June? This is a tax managed fund with Vanguard. Does the fund manager reinvest the dividends? If so I should have still received them as additional shares....No? A little confused.
And in March there was a dividend payout but less than $100 whereas in Sept. it was $3200?