Asked by: Rosalina Beerendt
asked in category: General Last Updated: 24th January, 2020

What companies offer dividend reinvestment plans?

Companies and their transfer agents do their best to help dividend reinvestment plan participants keep track of their investments.

Below are more high-yield favorites for 2018:
  • ExxonMobil , yielding 3.7%
  • IBM , yielding 3.9%
  • Procter & Gamble , yielding 3.0%
  • Qualcomm , yielding 3.6%

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Hereof, what companies have dividend reinvestment plans?

Some more well known businesses to offer reinvestment plans include Commonwealth Bank of Australia (ASX: CBA), Woolworths Limited (ASX: WOW), Magellan Global Trust (ASX: MGG), Challenger Ltd (ASX: CGF), Macquarie Group Ltd (ASX: MQG) and Dicker Data Ltd (ASX: DDR).

how do I invest in dividend reinvestment plans? Invest in a Dividend Reinvestment Plan (DRIP)

  1. Choose a company with a dividend reinvestment plan at Directinvesting.com.
  2. Avoid DRIPs that charge setup fees, administrative fees or commissions.
  3. DRIPs often require you to be a shareholder to participate. In that case, buy one share through a discount broker, then register the stock in your name. Advertisement.

Similarly one may ask, what benefit is available to participants in a dividend reinvestment plan?

Participating in a dividend reinvestment plan forces you to buy stock on a regular basis. If you're enrolled in a DRP, your money will automatically be reinvested. As a result, with very little effort, you'll adopt a long term horizon for your investments. Most DRIPS carry an option called optional cash purchase.

Are DRIP plans worth it?

But bottom line, reinvesting dividends through a broker or by signing up for DRIP plans directly through the dividend-paying companies, is a surprisingly powerful tool to passively improve your investment returns. So yes, DRIP plans are worth it, as long as they fit with your investing goals.

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