I have been automatically reinvesting my dividends in Robinhood for a couple years now. I can’t help but notice on almost all of my purchases it is in the top 50% price action for that day. It is also random timing during the day when it is actually reinvested as well.
A few months ago they started the “early dividend” program which I was automatically signed up for. I couldn’t help but feel that it seems fishy.
Could someone with more experience shed some light? Thanks.