What’s in the Statements?
Your DRIP or DSP statements usually will detail the activity in the account for the year-to-date. You’ll find information about any commissions paid to purchase shares or other fees that may have been charged to the account or paid by the company on your behalf.
Typically you’ll get a statement when:
• You purchase additional shares
• Your dividends are reinvested
• You sell shares
• You transfer shares
• Quarterly reports on your account
• Year-end reports on your account
Remember, your statements will show whole shares and fractional shares. One big advantage of DRIP and DSP investing is that you don’t have to wait until you can afford to buy one share of stock—you can buy a fraction of a share at any time. This ...