Dividend reinvestment plan (DRIP)
Your investment income, reinvested.
Growing, growing, grown
Dividend-paying stocks are a popular way to build an investment portfolio. When you register for our dividend reinvestment plan (DRIP), that dividend income will automatically be used to purchase additional shares without any trading commissions. A DRIP, also known as a DPP (direct purchase plan), is considered a slow, steady approach to building your wealth.
Here’s how it works:
- You have registered a stock or ETF for a Questrade’s DRIP.
- The security issues a dividend.
- The dividend is automatically used to purchase more shares of your security.
- The DRIP only purchases whole shares – if you have extra cash, it will be deposited into your account.
- And that’s it!