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This document serves as an enrollment form for the Dividend Reinvestment and Stock Purchase Plan for First Merchants Corporation, allowing participants to choose between full or partial reinvestment

How to fill out dividend reinvestment and stock

How to fill out DIVIDEND REINVESTMENT AND STOCK PURCHASE PLAN

1. Gather your account information including your brokerage account number.
2. Complete the application form for the Dividend Reinvestment and Stock Purchase Plan provided by your company or brokerage.
3. Indicate the number of shares you wish to enroll in the reinvestment plan.
4. Provide any necessary personal information, such as your name, address, and Social Security number.
5. Specify how dividends should be reinvested, whether in full or partial amounts.
6. Review the terms and conditions of the plan carefully.
7. Sign and date the form to confirm your agreement to the terms.
8. Submit the completed form to your brokerage or the plan administrator, following any specific submission guidelines.

Who needs DIVIDEND REINVESTMENT AND STOCK PURCHASE PLAN?

1. Investors who want to grow their investment portfolio through automatic reinvestment of dividends.
2. Individuals looking to purchase additional shares of stock without incurring brokerage fees.
3. Long-term investors who are focused on compounding returns over time.
4. Those who prefer a hands-off investment strategy with minimal management.

People Also Ask about

What is the difference between drip and DSPP?

A Dividend Reinvestment Plan (DRIP) is offered by a public company to allow its shareholders to reinvest all or a portion of their cash dividends into additional shares. A Direct Stock Purchase Plan (DSPP) provides an investor the opportunity to purchase shares of a public company without being a current shareholder.

What is the difference between drip and Dvop?

Dividend Option (DVOP): Distribution of a dividend to shareholders with a choice of benefit to receive. Shareholders may choose to receive shares or cash. To be distinguished from DRIP as the company creates new share capital in exchange for the dividend rather than investing the dividend in the market.

What is the direct stock purchase plan dividend reinvestment plan?

DRIPs allow investors to reinvest their cash dividends into additional shares or fractional shares of the underlying stock on the dividend payment date. One drawback of a DSPP is that the shares are rather illiquid — it is difficult to re-sell one's shares without using a broker.

Is a dividend reinvestment plan a good idea?

Dividend reinvestment is a great way for an investor to steadily grow wealth. Many brokers and companies enable investors to automate this process, allowing them to buy more shares (even fractional ones) with each payment and compound their returns, which can add up over time.

What is a dividend reinvestment plan?

A dividend reinvestment plan (DRIP or DRP) is a plan offered by a company to shareholders that it allows them to automatically reinvest their cash dividends in additional shares of the company on the dividend payment date.

For pdfFiller’s FAQs

What is DIVIDEND REINVESTMENT AND STOCK PURCHASE PLAN?

A Dividend Reinvestment and Stock Purchase Plan (DRIP) allows shareholders to reinvest their cash dividends into additional shares of the company's stock, often at a reduced price.

Who is required to file DIVIDEND REINVESTMENT AND STOCK PURCHASE PLAN?

Typically, companies offering a DRIP are required to file the plan with regulatory authorities to ensure compliance with security laws; participants are not required to file but must adhere to the plan's rules.

How to fill out DIVIDEND REINVESTMENT AND STOCK PURCHASE PLAN?

To fill out the DRIP plan, shareholders need to complete a registration form provided by the company, indicating their wish to participate in the plan, along with details such as the number of shares and payment method.

What is the purpose of DIVIDEND REINVESTMENT AND STOCK PURCHASE PLAN?

The primary purpose of a DRIP is to encourage long-term investment by allowing shareholders to automatically reinvest dividends, thereby increasing their shareholding without incurring commission costs.

What information must be reported on DIVIDEND REINVESTMENT AND STOCK PURCHASE PLAN?

Information required typically includes the shareholder's account details, the number of shares to be purchased, dividend payment dates, and any applicable fees or discounts associated with the plan.