When I started off the Ultimate Sustainable Dividend Portfolio (USDP), I had mentionned that I would not be using a DRIP feature to automatically reinvest dividends. As a reminder:
What Is A DRIP?
A DRIP is a dividend reinvestment plan, makes it possible for an investor to automatically reinvest the proceeds of a dividend into that stock. To be clear, the investor or fund is still receiving the dividend in cash. I say this because you’d still have to pay taxes on the dividend even though it was never truly added to your account. This can be offered either by the stock or the broker that you do business with.