Benefits Of Investing In A DRIP Program
- Since dividends are paid out quarterly, you receive additional shares every 3 months. You will also receive quarterly notification of shares purchased.
- In most programs you can also receive a fractional share, if the dividend does not cover the cost of a full share.
- This is an inexpensive way to purchase additional shares. In most cases DRIP plans either have low or no fees attached to purchasing the additional shares. Some companies even offer these shares at a discount.