ThirdAge Investment Glossary |
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DRIP
Dividend Reinvestment Plan, whereby you instruct a corporation to invest stock dividends in additional shares of the corporation's stock, rather than pay you cash dividends. Once you sign up for a DRIP, reinvestment is automatic. Depending upon the DRIP, brokerage and other fees might be reduced or waived, and you might receive a per-share price discount. DRIP participation is a means of dollar cost averaging.
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