A Dividend Reinvestment Plan (DRP) is a program that gives existing shareholders the option to acquire additional shares in a company instead of being paid a dividend. Learn more timidbee.com/post/investor-…
📌company declares dividend
📌 It decides on the price of additional shares
📌 It uses ur dividend payment to purchase these shares
📌 u receive additional shares in the company instead of cash
Dividend Reinvestment Plans can save you money. It is a steady way to increase your shareholdings without paying out of pocket. timidbee.com/post/investor-…
Dividend Reinvestment Plans are easy and require no action on the shareholders part after signing the initial authorization document to join the program: timidbee.com/post/investor-…