What are DRIPs?
DRIPs? They are Dividend ReInvestment Plans - accounts usually sponsored by publicly traded companies to promote long term stock ownership.
DRIPs often offer lower ownership costs for long term stockholders, however it totally depends on the plan. Each company offers their own plan. Brokerages may come and go, but if your stock isn't worthless there is a very high probably the DRIP account for your stock will still exist.
Here are some previous articles that dive into DRIPs:
- My DRIP Strategy
- List of DRIPS I participate in
- Investing in Merck?
- List of DRIPS
- The Almost Definitive Guide to using Company-Sponsored DRIPs or ShareBuilder Accounts
- Drip Investing web site with analysis on many popular dividend reinvestment programs
Related in DRIPs:
2013 Passive Income: Dividends (Jan 25, 2014) Here is a summary of our 2013 dividend income. This passive income comes from our taxable stock portfolio that is included in our monthly investment reviews. All retirement investment holdings are excluded from this dividend income summary. This passive income...
Dividend Income Growth (Nov 29, 2007) I have started pulling together our dividend income for 2007 although a number of investments still have dividend payments remaining in December. Incomplete 2007 Dividend Income Company Q1 Q2 Q3 Q4 Total Pepco $ 5.26 $ 5.30 $ 5.35 ...
Annual Dividend Hikes (Nov 26, 2007) In the beginning of the year, I reviewed my 2006 passive income, mainly from dividend paying stocks I own. Here is the same list of companies with any quarterly dividend hikes seen in 2007: 2005 Dividend 2006 Dividend 2007...