A reinvestment plan in which a publicly-traded company allows shareholders to buy more shares with the proceeds from their dividends at no commission or other transaction charge. This encourages shareholders to leave their capital with the company and, in return, allows them the possibility of a higher return.
A dividend reinvestment plan that offers direct purchase of a firm's shares. A super DRIP allows an investor to buy initial shares from the firm, often with no transaction charge. Also called no-load DRIP.