Dividend reinvesting plans
Dividend reinvestment plans (DRIPs) automatically reinvest shareholders’ cash dividends back into the issuing company, fund or overall portfolio. These optional programs may be offered by individual companies, funds or brokers. They often come with no commissions and even discounted share prices as added incentive. DRIPs allow investors to boost their long-term holding and earning potential without fronting more capital. They also slot neatly into most dollar-cost averaging strategies. Bear in mind that any reinvested dividends count as taxable income (though your burden may be deferred in tax-advantaged accounts).
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