How to set up DRIP for US stocks & ETFs

What is DRIP?

Many companies share their profits with shareholders in the form of cash dividends. A Dividend Reinvestment Plan (DRIP) is an automatic reinvestment program offerde by brokers that allows investors to reinvest their cash dividends to purchase more shares of the same company.

Benefits of DRIP

• Fractional shares: Buy even small portions of shares.

• Immediate reinvestment: Automatically reinvest dividends on the payment day.

DRIP can help you easily reinvest dividends, allowing your stock holdings to grow through compounding over time.

How to find DRIP on moomoo

Open moomoo > Accounts > More > Dividend Reinvestment

How to enable DRIP on moomoo

On the DRIP page, you'll see a list of stocks in your portfolio that support dividend reinvestment. Toggle on DRIP and your dividends will be automatically reinvested on the next dividend payment day.

Note: DRIP does not support short selling.

How to View Purchase Records

Path 1: Go to Accounts > History to view your records.

Path 2: Go to the DRIP page > History to view your records.