Scottrade offers a Flexible Reinvestment Plan that will reinvest dividends for free. This is similar to my Capital One Investing account, however it only buys full shares whereas Capital One will grant partial shares. Through my dividends, I was able to buy the following:
- Bought 1 share of DPS @ $82.03
- Bought 1 share of CMP @ $80.8059
- Bought 3 shares of MMM @ $151.076
These purchases add $16.86 to my forward yearly dividends bringing my total to $1,138.59
(I noticed a small issue with my spreadsheet and my dividends were much higher than it was showing! It has been updated)
Disclaimer: I am not a licensed investment professional. I am not liable for any losses suffered by any parties. Any information on this site is my opinion only and should not be used for investments of any kind.