How do you set up a Dividend Reinvestment Plan (DRIP)?

  • Setup entrance: Navigate to the "My Portfolio" page, click on Dividend Reinvestment, and you can open the settings. You can freely select stocks you have previously held or currently hold; whenever these stocks issue dividends, the system will automatically reinvest them to purchase more shares of the same company.
  • Benefits: Cash dividends automatically used to purchase more shares of the same company, increasing shareholders' quantity and value of stocks over time, achieving compound growth effects.
  • Related restrictions: Stocks eligible for setup must have a market capitalization greater than $1 billion and support fractional share trading. Dividends less than $2 cannot be automatically reinvested.
  • Automatic purchase timing: Regulatory requirements typically mandate a waiting period of at least 10 days between a company's dividend declaration date (ex-dividend date) and the actual payment date to shareholders. Reinvestment of dividends will occur during the next trading day's opening period following the payment date. Due to the processing of orders, your dividends may not be immediately used to purchase stocks at the market open, but you will receive a notification informing you when the reinvestment is completed.