Dividend reinvestment plans (or DRIPs) are plans that permit shareholders to reinvest dividends to purchase additional shares (or fractions of shares). These plans bypass brokers, enabling shareholders to save on commissions.
A DRIP can also eliminate the nuisance effect of receiving small cash dividend payments. Second, some DRIPs let you reinvest your dividends in additional shares at a 5% discount to current prices. Third, many DRIPs also allow optional commission-free share purchases on a monthly or quarterly basis.
Generally, investors must first own and register at least one share before they can participate in a dividend reinvestment plan. Registration will generally cost $40 to $50 per company. The investor must then notify the company that he or she wishes to participate in the company’s DRIP.
There are also separate DRIPS that are available through most discount brokers (these are called “synthetic DRIPs”). The bookkeeping is simpler with these DRIPs. Under these plans, brokers will reinvest dividends on shares that you hold in your account. Not all your dividend stocks may be eligible for these plans.
Using a dividend reinvestment plan can be very profitable in the long-term. In addition to enrolling in a dividend reinvestment plan, please keep TSI Network’s three-part Successful Investor philosophy in mind:
Discover how to put extra strength in your portfolio with our advice on how to identify high-quality dividend stocks. It’s all in our newly updated report, and it’s yours FREE! Download Dividend Paying Stocks: How High Dividend Stocks Can Supercharge Your Income Investing.
NEW GOLD INC., $1.27, symbol NGD on Toronto, owns the Rainy River mine in Ontario and the New Afton mine in B.C. The company also operates the Cerro San Pedro mine in Mexico.
In addition, New Gold owns 100% of the Blackwater project located in B.C…. Read More
CANADIAN UTILITIES LTD., Toronto symbols CU [class A non-voting] $33.34 and CU.X [class B voting] $33.16, distributes electricity and natural gas in Alberta and Australia. It also holds all or part of 19 power plants—15 in Canada, 2 in Australia and 2 in Mexico. ATCO… Read More
Recently a Member of Pat McKeough’s Inner Circle asked about a Canadian power company that is getting a big boost from the German government. The key is Germany’s decision to phase out nuclear facilities and subsidize renewable sources like wind power.
Northland Power owns controlling interests… Read More
A: Northland Power Inc., $23.30, symbol NPI on Toronto (Shares outstanding: 171.2 million; Market cap: $4.0 billion; www.northlandpower.ca), develops, builds, owns and operates natural gas-fired power plants, wind farms, solar projects and hydroelectric facilities.
Northland owns, or has a stake in, 1,754 megawatts of generating capacity,… Read More
This pipeline has completed its acquisition of rival Veresen Inc. for $9.7 billion. The purchase appears to be an excellent fit for the company: Veresen’s assets, including its 50% stake in the Alliance natural-gas pipeline, will broaden Pembina’s operations and its U.S. exposure. It should… Read More
Dividend yield is just one of the elements to look for while selecting stocks for a great dividend stock portfolio
When you’re looking for income from investments such as Canadian dividend stocks, the dividend yield is typically your most important consideration. But in some cases, dividend… Read More
Dear client:
In the wake of the 2007-2009 financial crisis, Manulife cut its dividend by 50% to conserve cash. Thanks to the company’s improving outlook, it resumed its pattern of annual dividend increases in 2014. Moreover, the stock remains attractive in relation to its earnings.
Manulife’s… Read More
Dear client:
Pembina is set to complete a $5.2 billion expansion program this year. Those new operations will immediately add to cash flow and support the company’s plans for future dividend increases. In fact, Pembina has already begun to benefit from a new wave of growth… Read More
Dear client:
Pembina is set to complete a $5.2 billion expansion program this year. Those new operations will immediately add to cash flow and support the company’s plans for future dividend increases. In fact, Pembina has already begun to benefit from a new wave of growth… Read More
PLEASE NOTE: Due to the Good Friday holiday, our next Hotline will go out on Thursday, April 13, 2017.
CANADIAN IMPERIAL BANK OF COMMERCE, $115.59, Toronto symbol CM, is Canada’s fifth-largest bank, with total assets of $501.4 billion.
The bank recently raised its quarterly dividend by 2.4%,… Read More
Learn everything you need to know in 'The Canadian Guide on How to Invest in Stocks Successfully' FREE Special Report from The Successful Investor.
How to Invest In Stocks Guide: Find 10 factors that make your investments safer and stronger.
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This privacy policy is applicable to all TSI Network Visitors, Clients, Employees, Suppliers, Web sites, Management, and all other interested parties. Any links to or from our site are not covered by this policy. We encourage you to read the privacy policies of every site that you visit.
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We do not collect or disclose personal information, except when it is provided to us voluntarily by the site/store visitor with their consent.
We store subscriber and password files containing personal information securely. These files are stored in secure areas that are not accessible to the general public. We are always working to ensure the security of your personal information.
We are continuously in the process of improving our sites and services. If any new features or policies require a change to this current policy, we will post a clear notice of this change on pages of our site where the privacy policy appears. The principle behind this privacy policy is to collect information with your knowledge and consent.
What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
Information You Give Us: We receive and store any information you enter on our website or give us in any other way through sign-up forms or ordering forms for publications and services. You can choose not to provide certain information, but then you might not be able to take advantage of many of our services and features. We use the information that you provide for such purposes as responding to your requests, customizing your web browsing experience for you, improving our website, and communicating with you.
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Does TSI Network Use the Information It Receives?
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Changes to this Policy
This Policy is the sole authorized statement of TSI Network's practices with respect to the collection of personal information through TSI Network's websites and the subsequent use and disclosure of such information. Any summaries of this Policy generated by third party software or otherwise (for example, in connection with the "Platform for Privacy Preferences" or "P3P") shall have no legal effect, are in no way binding upon TSI Network, shall not be relied upon in substitute for this Policy, and neither supersede nor modify this Policy.
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