Get DIVIDEND REINVESTMENT FORM Dividend No. 32

Example of Reinvestment Growth You invest $20,000 when the stock price is $20, so you end up with 1,000 shares. At the end of the first year, you receive a dividend payment of 50 cents per share, which comes out to $500 (1,000 × $0.50).

The things you need to do when applying for a DRP are: Decide how many shares you'd like to receive in lieu of cash dividends; Sign and date the Dividend Reinvestment Form (“DRF”); Fill in your CDS account number in the DRF; Affix a revenue stamp / setem hasil to the DRF; and. Mail the form.

This means that you are taxed on your reinvested dividends just as if the company wrote you a check for the dividend payment. You should receive a 1099-DIV from the company or your broker for use in preparing your tax return.

Most companies that offer a DRP will also provide details of the plan on their website, where you can download a copy of the application form. Then it's as simple as completing the form to opt into the plan. Shareholders can generally select whether they want full or partial participation in the plan.

If you are a member of a dividend reinvestment plan that lets you buy more stock at a price less than its fair market value, you must report as dividend income the fair market value of the additional stock on the dividend payment date.

Online. You can sign up to the DRIP via Investor Centre, our secure shareholder website. Using your Shareholder Reference Number (SRN) to register, select 'Dividend Plans' and click 'amend' to change your election choices.

Online. You can sign up to the DRIP via Investor Centre, our secure shareholder website. Using your Shareholder Reference Number (SRN) to register, select 'Dividend Plans' and click 'amend' to change your election choices.