As per applicable tax laws, you will not receive tax benefit under 80C. (life.futuregenerali.in)
Just make sure you follow applicable tax laws. (inc.com)
For example, if 100 shares of a stock were purchased for $ 1,000 last year, with the first year of dividends amounting to $ 100 and second year dividends amounting to $ 200, all of which was reinvested, applicable tax law considers these reinvested earnings to be income. (investopedia.com)