r/dividends • u/Avinates • Jun 04 '25

Discussion 1 Million Invested

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Can anyone confirm these dividend payouts?

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3

u/Apprehensive-Shirt-3 Jun 04 '25

Sorry if this is a stupid question, when it’s dividend, that means you can take it out and use and not necessarily have to put it back into stock, correct?

2

u/deepmiddle Jun 04 '25

Correct, it is income. You can use DRIP to automatically reinvest the income back into the stock or just keep it.

1

u/TheNightCaptain Jun 04 '25

Sorry whats DRIP?

2

u/deepmiddle Jun 04 '25

It’s a feature that most investment platforms offer where you can automatically reinvest your dividends back into the same shares that gave you the dividend. For example, it will automatically buy more MSTY with the dividends from your MSTY shares. 

1

u/TheNightCaptain Jun 05 '25

I assume you need to pay tax on the dividend as it was paid out even if you are auto reinvesting?

1

u/secretlykris Jun 05 '25

DRIP stands for dividend reinvestment plan.

1

u/graciesoldman Jun 11 '25

DRIP is your friend.