DRIP

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Hello,

I hope this isn’t a silly question – I’m wondering if I opt into a DRIP program but do not currently own enough shares to buy back the stock, what happens to those dividends? Do the dividends accumulate every time it is paid out and once there is enough it will buy the stock? Or do the dividends just get added to my cash position in my account as any other dividend payout would until I own enough to buy it back?
Thanks!

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Asked on January 18, 2021 11:20 pm
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Private answer

Hi there,

No question is a silly one!

If you don't have enough to DRIP then it will just get added to your cash position as any other dividend payout would. From there, you would then use that cash to either buy new shares and/or deploy elsewhere.

Mat

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Posted by Mathieu Litalien
Answered on January 19, 2021 4:33 am