optional cash purchase

(redirected from Optional Cash Purchases)

Optional Cash Purchase

A feature of some dividend reinvestment plans allowing participants to use their own cash to buy more shares that the dividends will buy when the dividends are being used themselves to buy more shares. For example, if a dividend will pay for 1,000 more shares, and optional cash purchase will allow the investor to buy, say, another 400 on top of the 1000. Most dividend reinvestment plans limit the number of shares or the amount of cash that may be used.

optional cash purchase

The buying of shares of stock through a dividend reinvestment plan that are in addition to shares purchased with the dividend. Most dividend reinvestment plans place an upper dollar limit on each shareholder's optional cash purchases.
References in periodicals archive ?
In respect of the Company's September 19, 2014 common share dividend payment date, the Board has decided that the Company will issue common shares in connection with the reinvestment of dividends and optional cash purchases pursuant to the Company's Canadian Dividend Reinvestment and Share Purchase Plan and its U.
Current BGC stockholders may also purchase additional shares of BGC's Class A common stock through optional cash purchases of not less than $100 per month and not more than $10,000 per month (except in cases covered by approved requests for waiver, which are discussed under "Description of the Plan" in the Plan Prospectus accessible through the webpage link below.
Over 1,500 companies have these plans, sometimes called optional cash purchases, which are often offered, as a feature of their DRIP program.
The DRSPP remains in effect and allows for the automatic reinvestment of routine dividends and optional cash purchases of stock through the Plan Administrator.
In respect of the Company's March 19, 2014 common share dividend payment date, the Board has decided that the Company will issue common shares in connection with the reinvestment of dividends and optional cash purchases pursuant to the Company's Canadian Dividend Reinvestment and Share Purchase Plan and its U.
Most plans also allow you to make optional cash purchases.
Reinvested distributions are subject to a maximum investment of $50,000 per quarter, and optional cash purchases are subject to a minimum investment of $250 and a maximum investment of $10,000 in any calendar month.
In respect of the Company's December 19, 2013 common share dividend payment date, the Board has decided that the Company will issue common shares in connection with the reinvestment of dividends and optional cash purchases pursuant to the Company's Canadian Dividend Reinvestment and Share Purchase Plan and its U.
Reinstatement of Optional Cash Purchases Under Dividend Reinvestment Plan
In respect of the Company's September 19, 2013 common share dividend payment date, the Board has decided that the Company will issue common shares in connection with the reinvestment of dividends and optional cash purchases pursuant to the Company's Canadian Dividend Reinvestment and Share Purchase Plan and its U.
Reinvested distributions are subject to a maximum investment of $25,000 per quarter, and optional cash purchases are subject to a minimum investment of $250 and a maximum investment of $5,000 in any calendar month.
In respect of the Company's March 19, 2013 common share dividend payment date, the Board has decided that the Company will issue common shares in connection with the reinvestment of dividends and optional cash purchases pursuant to the Company's Canadian Dividend Reinvestment and Share Purchase Plan and its U.