Basics of DRIP Investing: How to Compound Your Wealth

A dividend reinvestment plan, or DRIP, is an investment program designed to slowly compound your shares in a chosen company. It works by automatically reinvesting your incoming cash dividends toward the purchase of additional shares. This allows you to increase your dividend returns drop by drop. In many cases, making use of a DRIP will not only automate the process of reinvesting cash dividends, but it can also give you access to discounted share prices. It can be a great option for many...