The decision to get into the drip or take the dividends would depend on if you needed the money or not. Getting into the drip just grows the position you have. Taking the money does not grow the position. The question you have to ask yourself is "do I need the money now?" If not join the drip. I'm retired but I'm still in the drip growing my position and picking up a few extra shares when I can. The day I need the money I'll get out. If I never need the money I'll just leave it to my son and he can decide what he wants to do with it.
Waiting can also be non productive since you are missing the compounding with the dividend. So you wait a couple of months for the price to get where you want it and while you are waiting you have lost the dividends for those months. If you are investing for long term and for income a couple of cents one way or another doesn't mean a lot.
Thanks for the info. I've been picking some up here and there when it takes some dips.
Looks like you have nothing better to do but be the grammar police based on looking at all the posts that you have made.Correct this UP YOURS. LOL LOL
They issue a K-1. If you go to their web site you will find all the information you want on the company. Asking a question like that here will only get you smart #$%$ answers. LOL
I added some more today with this price drop. I'm hoping it will go lower. Against what most people want when buying a stock. But if you are a long time holder not a trader days like today are what you are looking for.
I'm using TDameritrade and according to the rep I spoke with they do the discount. I guess I'll see coming up in May. I only own 11 securities much like you counting my last purchase of DNP. Five are MLP's and the others are dividend paying stocks., COP,T,MO, JNJ etc. I don't need the income now so I will be dripping the dividends. :)
I'm not really a trader. The stock I sold was pretty much dead money for the last year with no dividends. The small profit was nickels and dimes and won't change my tax position. Most of the time I buy and hold unless I feel the companies situation has changed. I'll be holding DNP for the dividends and adding on dips. If there is any. LOL ;)
Thanks, I bought some on 4/20 & 4/21. I put orders in after that but they never filled since the price just kept going up. I took some profits on another stock so I have more to move into DNP. The only thing I found is I had to break my orders up onto smaller lots. When I tried an order for 1000 shares it wouldn't fill. It didn't really matter with the smaller lots since I had plenty of free trades left in my account. Less