1What is a DRIP (Dividend Reinvestment Plan)?
A Dividend Reinvestment Plan, commonly known as DRIP, is an investment strategy that allows shareholders to automatically reinvest their cash dividends into additional shares or fractional shares of the underlying stock on the dividend payment date. Instead of receiving a cash payout, the money is immediately put back to work. This systematic approach eliminates the temptation to spend the dividends and ensures that your capital continues to compound over time without incurring additional brokerage commissions.