Basic operating guides to help you trade fast
How to join the US stock dividend reinvestment plan?
What is a Dividend Reinvestment Plan (DRIP)?
Many companies share profits with shareholders in the form of cash dividends. The Dividend Reinvestment Plan (DRIP) is an automatic cash dividend reinvestment plan set up by online brokerages, allowing investors to automatically reinvest their cash dividends to purchase shares of the same company.
What are the advantages of choosing to open a DRIP account?
a) Support for buying fractional shares.
b) Directly buy on dividend payment date.
Through the above features, it is easy and without threshold to create the effect of 'compound interest' on dividends, which allows your stock portfolio to gradually grow over time.
How to join the Dividend Reinvestment Plan?
Before joining the Dividend Reinvestment Plan, please upgrade the app to the latest version and ensure that your account has been upgraded to a comprehensive account.
Account>More>Dividend Reinvestment>Click 'Join'.
How to open a DRIP account?
The DRIP page displays a list of stocks that support DRIP plans in the holding positions. Click the switch button on the far right to complete the opening. The purchase will be automatically completed on the next dividend payment date.
Note: DRIP does not support short selling.
How to view purchase records?
Path 1: Account>History to view records.
Path 2: Dividend Reinvestment page>History to view records.
