dividend reinvestment plans
Dividend reinvestment plans, or DRIPS are offered by certain corporations that look to reward investors looking to invest cash little by little. This plan allows investors to reinvest their cash dividends by purchasing additional shares of the company on the dividend rate. These are excellent ways to increase the value of your investment. Another great thing about DRIPS are that they are usually commission-free as they are bought from the company itself. These shares are also at a significant price reduction to the actual share price. One important thing to note however, is that most plans don't allow investments under 10 dollars.