Alternative to drip18 May 2018 09:14
Each month I average @£550 from dividends from various blue chips. ( some months more some less)I don't use drip for any of them although it is very cost effective.
I prefer to scour the market for the best options....it maybe cna, but most often not.
About every 2 months I purchase. My Lloyd's dividend due end of May is going into VOD. Well priced, moving forward fab dividend.
If I was to use drip reinvesting on say BP or RDSB ( don't currently own either) I would be paying top rate.
Just an alternative view