investing
DRIP-Dividend Reinvestment Plan
August 09, 2018

The Dividend Reinvestment Plan (DRIP) allows you to reinvest your cash dividend payouts towards buying additional shares of the company that paid you those dividends.

When you set up a DRIP for a stock or ETF, any cash dividends you earn are automatically reinvested for you to purchase additional shares or units of that stock or ETF. We purchase the largest number of whole shares based on market price with the dividend payment you receive. Any cash not used to purchase additional shares or units remains as cash in your account. For example, if you receive $105 in dividends and the market price of the stock is $25 per share, we will purchase 4 additional shares for you and the $5 remaining will stay in cash.

Setting up a DRIP

  1. Fill out the DRIP form
  2. Print the form so you can sign and date it
  3. Scan or capture a clear image of the form and upload it to your account. You can also email the form to support@questrade.com
  4. To check if your stocks have been enrolled, log in to your account to review your submission. Once the status is accepted, your stocks are enrolled in the DRIP

Important to know

  • The DRIP is free to enroll and has no transaction fees
  • Nearly every stock and exchange-traded fund (ETF) can be added to the DRIP
  • If you sell that investment, your DRIP is automatically cancelled
  • You can cancel your DRIP at any time by selling your investment or by requesting us to do so

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The information contained in this website is for information purposes only and should not be used or construed as financial or investment advice by any individual. Information obtained from third parties is believed to be reliable, but no representations or warranty, expressed or implied is made by Questrade, Inc., its affiliates or any other person to its accuracy.

Questrade Wealth Management Inc. (QWM) and Questrade, Inc. are wholly owned subsidiaries of Questrade Financial Group Inc. Questrade, Inc. is a registered investment dealer, a member of the Investment Industry Regulatory Organization of Canada (IIROC) and a member of the Canadian Investor Protection Fund (CIPF), the benefits of which are limited to the activities undertaken by Questrade, Inc. QWM is not a member of IIROC or the CIPF.