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LSDefine

Simple English definitions for legal terms

DRP

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A quick definition of DRP:

Term: DRP

Definition: DRP stands for Dividend-Reinvestment Plan. This is a program offered by some companies that allows shareholders to automatically reinvest their dividends into additional shares of the company's stock. Instead of receiving cash payments, the dividends are used to purchase more shares, which can help to grow the value of the investment over time.

A more thorough explanation:

DRP

DRP stands for Dividend-Reinvestment Plan. It is a program offered by some companies that allows shareholders to automatically reinvest their dividends into additional shares of the company's stock.

For example, let's say you own 100 shares of XYZ Company and they pay a quarterly dividend of $0.50 per share. With a DRP, instead of receiving a cash payment of $50, you can choose to reinvest that money into additional shares of XYZ Company. This means you would receive 1.67 additional shares of XYZ Company (assuming the stock price is $30 per share).

Another example is if you own 500 shares of ABC Company and they offer a DRP. If the stock price is $50 per share and they pay a quarterly dividend of $1 per share, you could reinvest your dividends to purchase an additional 20 shares of ABC Company each quarter.

A DRP is a way for shareholders to reinvest their dividends into additional shares of a company's stock. This can be a good option for investors who want to increase their holdings in a particular company without having to buy more shares on their own. By reinvesting their dividends, shareholders can potentially benefit from compounding returns over time.

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Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
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