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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!

FAQs

How does a DRIP work?
When you set up a DRIP with Questrade, any dividends you earn from a stock or ETF are automatically re-invested. We will purchase the largest number of whole shares based on market price. Any cash not used for the purchase will be deposited into your account.
Are there any charges to set up a DRIP?
Nope! There are no set-up or ongoing administrative fees associated with the DRIP.
How do I set up a DRIP?
As soon as you purchase a security, you can enroll for a DRIP in myQuestrade. If you purchase new shares, no problem – you’re already registered. If you sell the security in its entirety, your DRIP will be discontinued.
Couldn't I just invest the dividends on my own? What’s the benefit of a DRIP?
You definitely could invest dividend income on your own. But when you register for a DRIP, you will avoid trading commissions.
I’m already a client. How do I set this up?
Fill out the DRIP forms in myQuestrade.
I want to learn more about DRIPs




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