Verified answer

yes. but perhaps we'd all like to know where the fractional cents go??!?!

(continuing YOUR example ) if the dividend is $.07 / share , the total SHOULD be $1.815534

my guess:

you aint gonna get the .005534, nor will the payment be rounded up to 1.82

so who DOES get the 0.5534 cents?

I found a few sites that stated "yes". Nothing I found says that you don't, and I would ultimately assume that you need to check with the firm you invest through about div reinvestment plans.