Strong Dividend Growth
No-Fee DRIP Plan
2.3% Dividend Yield
A Dividend Reinvestment Plan, or DRIP, is an investment tool by which investors can purchase shares of stock directly from a company on a regular basis and reinvest the dividends from those shares without the use of a broker.
Reinvest Dividends: DRIPs also allow you to reinvest the dividends that you receive, from dividend-paying stocks, in additional shares of the company while avoiding many of the costly fees and commissions associated with investing.
Avoid Commissions & Investing Fees: The best DRIPs have no charges or fees associated with them. Others may charge de minimus fees for the purchase of additional shares or reinvestment of dividends. These fees generally pale in comparison to those charge by brokers.
DRIPs are ideal for investors who want to maintain control of their investment portfolios while minimizing investment fees. Investing with DRIPs is possible for as little as $10/month.
Not only does BAC offer a very solid, no-fee DRiP plan for DRiP investors, but it also offers investor's the ability to participate in the potential turnaround of one of America's largest financial institutions. Since the financial crisis of 2008-09, BAC has paid a paltry dividend of less than 1%; however, historically, the company's yield has been much higher. IF the company can turn itself around, it's dividend is poised to increase significantly. Keep reading for more detail on CenturyLink its DRiP plan.