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Old 08-31-2007, 11:54 AM
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Horfin Horfin is offline
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One more thing about DRIPs. If the value of the stock goes down you are benefited. As the stock goes down when your dividedn buys more shares you get more shares:

$0.05 per share times 50 shares = $2.50 in dividends

If the price of the stock goes to $9.00 then you get 0.27 shares ($9/$2.5)
If the price og the stock goest to $8.00 then you get 0.312 shares $8/$2.5)
If the price of the stock goes UP to 15.00 then you ONLY get 0.166 shares ($15/$2.5)

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If you look into this program make sure you read all the fine print, because so of the companies pay the commissions and account fees and everything and some dont'

Horfin
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