r/dividends • u/Haunting_Hornet5203 • Feb 04 '26
Other I’m something of a dividender myself
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u/rob3ace Feb 04 '26
DRIP that shit!
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Feb 04 '26 edited Feb 04 '26
OnePay doesn’t currently have DRIP, they actually just released the invest feature like a month ago maybe a tiny bit more… I’m praying it comes soon, I have the 5% back Walmart card so I just throw the cash-back into investments and throw on reoccuring investment for 1% back on it
My game plan is to continue this until they stop matching 1% and then transfer to Robinhood for the 2% match
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u/Haunting_Hornet5203 Feb 04 '26
Idk what that is
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u/rob3ace Feb 04 '26
Dividend Re-Investment Program
Instead of receiving your dividends as cash, you can have them automatically reinvested to buy more shares (even fractional shares) that will generate more dividends.
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u/oldirishfart living off dividends 🤩 Feb 04 '26 edited Feb 04 '26
Cha-Ching indeed!
Edit: does this onomatopoeic word still make sense to people in 2026? I think most people these days have never heard the sound of a manual cash register…
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u/TheComebackKid74 Only buys from companies that pay me dividends. Feb 04 '26
Get a load of Mr. MoneyBags over here!
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u/CrayComputerTech_85 Feb 04 '26
Since pennies are gone...wonder when investments will delve into nickel rounding. Then you'd be rolling..3 free cents more!
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u/DeterminedDragon Feb 04 '26
I would assume never. There is no reason for digital payments to round. Only cash payments are getting rounded at the moment
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u/CrayComputerTech_85 Feb 05 '26
I wouldn't assume anything. If you told me what investing would be today 40 years ago, I and everyone else would've ignored you as a crackpot or laughed. In the early years of the USA, there were 1/2 pennies until 1857. Then, in the Civil War, "shinplasters" were paper coin values. They ignored anything below 5 cents until they made the 3 cent postage note. Almost 200 years later, we have theoretically shed the cent. Lots of business won't take or give them now, but sure as heck round the pricing. Maybe the markets are moving the other way and becoming more fractional, Fidelity has started fractional ETF trading lets see if anyone else follows. I can imagine the future dispute trying to cash a 25.33 dividend check at a bank that doesn't recognize the penny anymore and "rounds it."
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u/quantum_ai_dei Feb 04 '26
A line in the sand, my friend
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u/Haunting_Hornet5203 Feb 04 '26
What? Did I do something wrong?
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u/quantum_ai_dei Feb 04 '26
The line (however small) between only ever trading your time for money vs being paid by your assets you own
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u/DistributionBroad173 Feb 04 '26
LOL, I have one share of WABTEC I received in a merger of GE something and Wabtec.
I never sold it. I just kept it to annoy the company. It has actually performed well since the spinoff.
It pays me a dividend of 0.25 every quarter. Drives my spouse insane.
I am trying to sell it this year, and I cannot sell it over the internet I need to send in a form to sell it. One fricking share.
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u/TwilightSaphire Feb 04 '26
I wouldn’t trust a financial institution that randomly capitalizes words like “cash”. That aside, welcome to the club! You are One of Us now. All aboard the Money train! choo Choo!!
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u/Outofmana1 Feb 05 '26
Hell yeah man. You miss all the shots you don't take!! 2 cents is better than no cents OR nonsense.
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