What is the Vanguard Brokerage dividend reinvestment program?
This no-fee, no-commission reinvestment program allows you to reinvest dividend and capital gains distributions from any or all eligible stocks, closed-end mutual funds, or exchange-traded funds (ETFs) in your Vanguard Brokerage account in additional shares of the same securities. All eligible distributions paid by the securities you designate must be reinvested. The program is provided through Vanguard Brokerage. The dividend reinvestment program is available for all Vanguard Brokerage accounts except those that are subject to either backup or nonresident alien income-tax withholding. To modify or cancel any or all of your reinvestment instructions at any time, notify us by letter, secure e-mail, or telephone. To change dividend elections, we must receive the instructions at least two business days before the payable date for the changes to be effective with that distribution. Changes received after that time will be processed on a best-efforts basis. 2. What are the eligibility requi
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