There’s been a lot of action in the DRIP (dividend re-investment plan) environment recently with a large number of companies rushing to offer DRIP plans to investors and/or promote their DRIP plans with attractive discounts as conserving cash becomes vital.
In one example Canadian banks such as Royal Bank (RY), Bank of Montreal (BMO) and TD Bank (TD) have recently updated or initiated DRIP plans for their investors and an every growing number of Canadian dividend stock paying companies are following suit.
I want, with the help of readers and investors, to create The Ultimate DRIP-folio; a diversified portfolio of stocks that have eligible DRIPs. This portfolio could be the standard among all investors interested in constructing a portfolio that takes advantage of DRIPs and compounding returns over the long-term.
If you’re interested in participating submit in the comments section your top five CDN eligible DRIP stocks, with the details (discount, DRIP or SPP, etc), and I will compile a list and publish it on my site for future discussion of which stocks to include in The Ultimate DRIP-folio and why.
Here’s a list to get readers started: