Forum » Stocks » Reinvesting dividends

Reinvesting dividends

Dan_at_falls_winter_thumb Brokerage Account

Posted by Yambarudan on August 06, 2012 (05:31PM)

How do I set up my account to have dividends buy more of that stock automatically instead of just going into the overall account balance?
Alcoholresearch_thumb Brokerage Account

Posted by spshapiro on August 06, 2012 (05:47PM)

Send Tk an email specifying the acct. # and the stock which you wish to have enrolled for a DRIP. It is a simple procedure, which you can change at any time in the future, just don't wait until the day of reinvestment to try to set it up. You may have to monitor in the beginning that it is instituted, and some foreign stocks can't be done.
Bender_purple_sm_thumb Brokerage Account

Posted by doougle on August 07, 2012 (09:08AM)

Adding to spshapiro, you could also call support.  That will be easier if you have other questions about it.

You can set up a DRIP (Dividend Reinvestment Program) on your whole account, or just the stocks or ETFs that you choose.

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