DRIP Investing, Step by Step
DRIP investors usually receive statements quarterly (or whenever dividends are usually paid), as well as when there is activity in the account (when additional shares are purchased, withdrawn, sold or transferred, and so on). The statements typically detail the activity in the account for the entire year-to-date, and include information on commissions and fees that have been charged to the account or paid by the company on behalf of the shareholder.
Also usually included is the next date for optional purchases, and the date by which the shareholder's check must be received to be included in that round of purchases. Some companies even pick up the cost of sending reinvestment checks by providing postage-paid business reply envelopes for shareholders with account statements. All statements should carefully filed to help determine the cost basis of DRIP stocks if sold in the future.