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Dividend Reinvestment Plan

Dividend Reinvestment Plan

The dividend reinvestment plan (DRIP) is a feature that allows investors to reinvest their cash dividends into additional shares or fractional shares of the underlying stock on the dividend payment date.

This strategy allows investors to compound their returns over time by accumulating more shares, which in turn increases the investors dividend payout.

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How it Works

Users will be able to opt into the DRIP plan through the Settings page allowing them to reinvest their dividends back into the underlying dividend paying stocks on the dividend payment date. Premium users will have the option to customize this plan by selecting which specific stocks they would like to reinvest dividends back into.

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