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Reinvest dividends automatically for your entire account with DRIPs
Use the Dividend Reinvestment Program (DRIP) to gather any income and reinvest without paying a commission.
If you want to reinvest dividends from your securities in new shares of that company, the Dividend Reinvestment Plan (DRIP) offers the chance to buy shares with no commission.
You can set up a DRIP for your entire account as well as for individual securities. Once you set up a DRIP, the cash dividend is automatically reinvested.
A few notes to keep in mind:
- The DRIP program does not purchase fractional shares. You must have enough cash to purchase a full share.
- To set up a DRIP you need at least one trade-settled, DRIP eligible security in your account.
- If you set up a DRIP for your entire account, any new eligible securities you purchase will automatically be included in the program.
Contact us at 1-800-465-5463 to set up your DRIP.
Please note that the answers to the questions are for information purposes only for the products discussed. Individual circumstances may vary. In case of discrepancy, the documentation prevails.