What is the dividend reinvestment plan (DRP) offered by some ASX companies?
- Submitted by 1 year ago
1
Answer
797
Ava Baker
Answered 1 year ago
The dividend reinvestment plan allows shareholders to automatically reinvest their cash dividends to purchase additional shares instead of receiving the cash payout. It can be an effective way to accumulate more shares over time and potentially benefit from compounding returns.
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