Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
Define dividend reinvestment plan (DRIP)
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Step 1
A dividend reinvestment plan (DRIP) provided by a corporation to the holders of stock that permits them to reinvest their cash dividends automatically in the extra shares of the corporation on the date of dividend payment.
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