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Dividend Reinvestment Plan - DRIP
What does it mean?
A plan offered by a corporation allowing investors to reinvest their cash dividends by purchasing additional shares or fractional shares on the dividend payment date.
In Other Words...
A DRIP is an excellent way to increase the value of your investment. Most DRIPs allow you to buy shares at a significant discount to the current share price and commission free. Most DRIPS don't allow reinvestments much lower than $10.
Sometimes this is abbreviated as "DRP."
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Related Terms
Automatic Investment Plan | Compounding | DCA | Direct Stock Purchase Plan | Dividend | Reinvestment
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