The Best DRIP Stocks: 15 No-Fee Dividend Aristocrats

- By Ben Reynolds

(Updated Jan. 9 by The Financial Canadian)

DRIP stands for Dividend Reinvestment Plan. When an investor is enrolled in a DRIP, it means that incoming dividend payments are used to purchase more shares of the issuing company automatically.

Many businesses offer DRIPs that require the investors to pay fees. Obviously, paying fees is a negative for investors. As a general rule, investors are better off avoiding DRIPs that charge fees.

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• view the full list of 50 Dividend Aristocrats here.