Drips are offered by companies to their shareholders as a way to buy stock directly from the company (usually through a transfer agent) in very small amounts to large amounts, and usually on a monthly basis if desired. The plans also reinvest all or partial dividends paid (it's up to the shareholder) into more stock, thus the name "Dividend Reinvestment Plan."
does anyone here have any long positions that they own because of their dividends? ameritrade, the company i do my transactions thru only tell me if the stocks i own are eligable for DRIPS...at least on here I can see what others have so I can see if that particular stocks quarterly dividend is worth it...
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Thread: DRIPs
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10-29-2007 02:45 PM #1Greatest Of All-Time
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DRIPs
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10-29-2007 02:47 PM #2virtual insanity
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i haev drips on
Fortune Brands, Merck, Campbells, and a bunch of other blue chips i keep just because of the dividends in a seperate portfolio"It is not the inital victory that makes the man, but rather his determination to overcome his own limitations and obstacles and once again shine"
I might break but I don't fold
'til I hold the sky in my hand
yeah, that's my goal
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10-29-2007 02:47 PM #3Mr. Not Nice Guy
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I believe you can only invest up to 25% of your 401k this way since the enron 401k gutted all their employees.
"You know why I favor sophisticated blondes in my films? We're after the drawing-room type, the real ladies, who become wh*res once they're in the bedroom." —Alfred Hitchcock
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10-29-2007 02:55 PM #4Greatest Of All-Time
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i personally believe if you do what the people of enron, mci etc etc did...the gov't should sieze ALL your assests and redistribute them amongst the people they screwed...all assests down to the very last dollar...
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10-29-2007 02:58 PM #5Mr. Not Nice Guy
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It's a nice thought but I'm sure the lawyers of all the big banks who were owed $$$ wouldn't have it. But that's why they mandated the 25% cap, to prevent companies from forcing you to invest 100% in them.
Originally Posted by poppa pri
"You know why I favor sophisticated blondes in my films? We're after the drawing-room type, the real ladies, who become wh*res once they're in the bedroom." —Alfred Hitchcock
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