Dividend Reinvestment Plans: The Key to Compounding Returns
Dividend Reinvestment Plans (DRPs) enable reinvestment of dividends into additional shares, often at discounted rates from ASX-listed companies. They reduce costs and promote compounding returns, ideal for long-term wealth building. Flexible enrollment allows partial or full reinvestment through brokerages or directly with companies. Dividend Reinvestment Plans: The Key to Compounding Returns