Dividend reinvestment program wiki

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The larger the asset base, the more the dividend reinvestment process will snowball. Dividend reinvestment programs can be a fantastic way to participate in the long-term growth of a company you believe in.

Once you are enrolled in the process, you will generate wealth and build your portfolio without lifting a finger. Though do keep in mind that you can continue to fund the account out of pocket if you want to speed up your asset accumulation further. Save my name, email, and website in this browser for the next time I comment.

Want the latest market news and information? Simple, easy and free! Sign in. Log into your account. Password recovery. When you receive dividend payouts from the companies or funds in your portfolio, you have one of two options: Withdraw or hold your money Reinvest your money Withdrawing your portfolio income may make sense if you already have a large base of investable assets that supplement your other streams of income.

What is a DRIP? Video Games: Worth Your Investment? Please enter your comment! Please enter your name here. You have entered an incorrect email address! Disclaimer: Financial Professional may receive compensation from affiliates linked in this post at no extra cost to you Read more. Nick Dingler - November 17, 0. Video games are a big business. Streetwear and sneaker investing is a booming industry. As more and more people become interested in the streetwear culture, they are also Investing in collectibles is a great way to diversify your portfolio, and can be very profitable.

Collectibles are items that you buy Personal Finance. Hayley Haggerty - December 6, 0. As a business owner, you probably know all about the different social media platforms out there. Be sure that you're properly diversified with stocks from different sectors. Part 2. Purchase company stock. Before you can even enroll in the DRIP program for a company, you must already be a shareholder.

In most cases, you only need to own one share of stock. You can buy that share of stock with your favorite online brokerage. Be sure that you purchase the share of stock in your own name, or the name you plan on using to enroll in the DRIP program. You might also be able to purchase shares of stock directly from the company with no commission. Contact the company's investor relations department for more information on that.

You can also use the "buddy system" to get your first share of stock. For example, if you know somebody who owns stock in Walgreen's, you can use the company's transfer agent to transfer one of his or shares into your own name. Invest in DRIPs through your online brokerage account. Many of the major online brokerages allow you to do almost any type of investing, including DRIP investing.

Just login to your brokerage account and use the search bar to search for "DRIPs". The search results should give you some articles and tutorials about how to enroll in DRIPs online.

Enroll in a DRIP program through a transfer agent. All of the companies that offer DRIPs use a transfer agent to administer the program. You'll need to get in touch with the transfer agent that handles DRIPs for the stock you want to purchase. An easy way to find the the transfer agent is to go to the "Investor Relations" or "Investors" section of the company website. If you click that link, you'll be taken to a page that gives you information about the company's DRIP program. You'll also see a link to computershare, the transfer agent responsible for administering the DRIP for Abbott Laboratories.

Pay attention to fees. There are some fees associated with DRIP programs. You don't want excessive fees taking a bite out of your return on investment. You'll find that most of the fees are minimal, but check them out before you enroll just to be safe. The fees should be listed on the transfer agent's website. If not, give them a call and ask about the fee structure. Set up an automatic investment schedule. Once you've purchased the initial shares, plan to invest a little each month through an automatic withdrawal from your savings or checking account.

That's how you'll maximize the growth of your account. Keep in mind that the automatic reinvestment schedule varies from company to company.

Some companies will reinvest dividends every week. Others pay dividends twice a month. Still others pay quarterly. Contact the company so that you know when the dividends will be reinvested.

Prepare for taxes. Even though your dividend income is reinvested, it's still considered income for tax purposes. Be ready to pay taxes on what you've earned. At the beginning of the calendar year, you'll receive a form from each company that you're investing in. That form will provide you with the amount of income that you need to report.

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