What is a company-sponsored DRIP Dynamic Wealth Management asks?
In this arrangement, once you have purchased at least one share, dividends paid on all holdings are used to buy new shares. That first share must be registered in
your name, not in street name. Note that a company-sponsored DRIP might be run by the company directly, or by a bank. The latter arrangement tends to lead to fees that quickly become onerous for small investors (more later).
It is a dividend reinvestment plan offered by a public company to promote long term stock ownership. The plan typically allows for an investor to invest and reinvest dividends in the company's stock.
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