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Free Dividend Reinvestment Plan
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Sign up for Firstrade's free Dividend Reinvestment Plan (DRIP) and automatically accumulate your positions every time you receive a dividend! You can enroll either a single eligible stock or all eligible stocks in your portfolio. Enjoy the benefits of compounding returns on your investment without having to place an order, pay a commission, or even purchase a round number of shares. |
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Accumulating Additional Shares With Ease of Mind
When you receive dividends from a stock in your portfolio, our system will automatically purchase additional shares of the stock for you using the dividend amount. For example, if stock XYZ was trading at 10 dollars a share and you receive 25 dollars in dividends, 2.5 shares of XYZ will be added to your positions. DRIP investing allows you to accumulate shares for compounding returns without having to place an order or worry about commissions.
Enroll/Un-Enroll Your Holdings in Firstrade's Dividend Reinvestment Plan
Access the Dividend Reinvestment page by clicking on the link from My Account, Positions, or Portfolio. Once you enter your basic contact information for verification, you can choose one of two options. Option 1 codes your account for DRIP investing such that every eligible security in your positions will be enrolled. Option 2 allows you to specify which securities you would like to enroll for DRIP investing, and which securities you would like to remove from the dividend reinvestment plan. Dividend Reinvestment Plan enrollment requests will take effect the following business day.
Closing Your Position of Fractional Shares
Closing your position with fractional shares can be done easily online. Simply sell all your whole shares and the fractional shares will be automatically sold by the settlement date.
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No Inactivity Fees
Plan to make trades only several times a year? No problem! We do not impose any inactivity fees. Additionally, all of our customers can enjoy our low commission rates.
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Take a Tour!
Find out what makes Firstrade a leading discount online broker. Watch our flash-based tutorial to learn more about Firstrade, and how you can open an account in minutes!
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Welcome
