What You Should Know About Dividend Reinvestment Plans
Robert R. Johnson
In their most basic form, dividend reinvestment plans – also called DRIPs – allow investors to purchase shares of stock and reinvest their dividends for additional shares, which compound over time.
"These plans are a terrific way to accumulate larger positions in companies over time," says Robert Johnson, president and CEO of the American College of Financial Services in Bryn Mawr, Pennsylvania.
Reiss, Dawn, "What You Should Know About Dividend Reinvestment Plans" (2017). In the News. 1915.