Options granted to shareholders to
purchase additional shares directly from the company concerned.
You'll then be eligible to
purchase additional shares directly through the plan and to reinvest your dividends.
Once enrolled in the plan, investors can
purchase additional shares directly with a low minimum of $ 25.
Not exact matches
• Most DRIPs permit investors to send optional cash payments (OCPs), in many cases for as little as $ 25 to $ 50,
directly to the company to
purchase additional shares.
• OCP is the abbreviation used for Optional Cash Payments — the voluntary payments that shareholders may make
directly into the DRIP in order to
purchase additional shares.
The direct
purchase plan is favorable to investors, as Polaris covers the transaction and per
share fees for
additional purchases, either
directly or through the reinvestment of dividends.
In addition, most DRIPs permit optional cash investments that participants can send
directly to companies to
purchase additional shares.