Dividend Reinvestment Plan: Learn How to Make Your Money Work Harder
At the end of each financial year, ETFs often pay dividends.
Enrolling in a Dividend Reinvestment Plan (DRP) provides a hassle-free way of increasing your investment over time, without incurring additional brokerage costs. You can automatically reinvest your dividend to receive additional units in the ETF rather than a cash payment.
Those wishing to reinvest their dividends are required to sign up to the DRP on Computershare’s website. Below is a step-by-step guide.
Those wanting more information can always call us on (02) 8311 3488.
Step 1: Visit https://www.computershare.com/au
Step 2: Select “Login to Investor Centre”
Step 3: Select “Login”
Step 4: Enter your User ID
Step 5: Answer the security question
Step 6: Enter your password
Step 7: Select “Yes” or “No” to account security preferences
Step 8: Select “My Profile”
Step 9: Then, select “Reinvestment Plans” from the menu
Step 10: Click “Apply”
Step 11: Choose the participation option and tick the agreement box
Step 12: Select “Confirm”