optional cash purchase

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 ?
If you have a DRIP, or a direct optional cash purchase account, which permits the purchase of shares at a discount, you have entered into the wonderful world of investment heaven.
The Company also announced today the reinstatement of the optional cash purchase component of its Dividend Reinvestment and Common Stock Purchase Plan, effective immediately for investments beginning May 15, 2009.
This discount does not apply to common shares acquired by participants through the optional cash purchase feature of the Plan.
Omega Suspends Optional Cash Purchase Component of Dividend Reinvestment and Common Stock Purchase Plan
The optional cash purchase portion of the Plan also has been reinstated for all investment periods commencing after October 1, 2006, with a discount of 1%.
On October 16, 2007, the Company announced the reinstatement of the optional cash purchase component of the Company's Dividend Reinvestment and Common Stock Purchase Plan (the "Plan").
The Company's Board of Directors also announced the reinstatement of the optional cash purchase component of the Company's Dividend Reinvestment and Common Stock Purchase Plan (the "Plan").
The Fund's optional cash purchase plan also has been terminated effective today.
Sun Life may amend or cancel the discount at any time, and no discount will apply on common shares acquired by participants through the optional cash purchase feature of the Plan.
The Optional Cash Purchase feature of Canetic's DRIP is suspended effective immediately.
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.