Re-investment options

This page covers Dividend Reinvestment Plans (DRIP) and SCRIP Dividend Schemes (SCRIP).

Dividend re-investments

Dividend reinvestment is a convenient, easy and cost effective way to build your shareholding by receiving shares instead of a cash dividend.

Participating companies may offer more than one reinvestment option but usually only offer one option per dividend paid, and may change or suspend the options offered. Elections not used for a particular dividend, will be retained and applied to subsequent dividends where that option is provided.

Please note:

If you are a CREST Holder and wish to make a dividend reinvestment request, you must do by following the CREST Elections Process.

Apply

To apply or change your dividend elections check the list of companies below to see if your company offers a dividend reinvestment option.

Please select the company you hold shares in

DRIP

The DRIP is provided by Equiniti Financial Services Limited (’Equiniti FS’), and is a convenient, easy and cost effective way to build a shareholding by using cash dividends to buy additional shares. Rather than receiving a dividend cheque or having a bank account credited with a cash dividend, Equiniti FS will use the dividends payable to DRIP participants to purchase shares on their behalf in the market.

Whole shares are purchased with any residual money being carried forward and added to the next dividend. However, if the amount of the dividend, less any dealing costs incurred in completing the purchase, is insufficient to buy a single share no charge is made and the dividend is carried forward.

You may be eligible to participate in the DRIP if:

You are 18 or over;
You are resident in the UK;
You are resident outside the UK provided you are not subject to regulations that would obligate us or the participating company to comply with any governmental procedures or similar formalities;
You are responsible for making sure you can validly take part and for complying with all necessary formalities. You should consult an authorised financial adviser if you are in any doubt about:
Whether you need any government consents or to observe any other formalities
Whether you are prohibited from receiving shares instead of cash dividends.

Important

Your participation may be cancelled if it is reasonably believed you are not eligible to participate;
Please note DRIP is NOT available to private shareholders in the United States, Canada, Pakistan, India or China due to governmental/regulatory obligations in those jurisdictions. Institutional investors wishing to offer DRIP to their underlying investors (including those resident in the aforementioned countries) should seek legal advice to satisfy themselves that they have the necessary permissions to meet all the necessary governmental/regulatory obligations in the jurisdictions where the underlying investors are resident.
Separate elections are required for each shareholding. For individual and jointly held shareholdings, elections are applied to the entire holding.
For your own benefit you should read and retain the relevant Terms and Conditions carefully before submitting your application as they form the basis of the services that will be provided. If you do not understand any point please contact us using the contact details on this page.
In order to participate in respect of a particular dividend, elections must be received by the last day for election (details available in the relevant Terms and Conditions or by contacting us), otherwise your election will be applied to subsequent dividends.

SCRIP

The SCRIP is provided by the participating company, and allows shareholders to elect to receive newly issued company shares, equivalent to the value of any cash dividend, rather than receiving a dividend cheque through the post or having their bank account credited with a dividend payment.

Whole shares are issued with any residual money being carried forward and added to the next dividend. However, if the amount of the dividend is insufficient to receive a single share the cash value of the dividend is carried forward. As the shares are newly issued there is no dealing charge or stamp duty payable.

You may be eligible to participate in the SCRIP if:

You are 18 or over;
You are resident in the UK;
You are resident outside the UK provided you are not subject to regulations that would obligate us or the participating company to comply with any governmental procedures or similar formalities;
You are responsible for making sure you can validly take part and for complying with all necessary formalities. You should consult an authorised financial adviser if you are in any doubt about:
Whether you need any government consents or to observe any other formalities
Whether you are prohibited from receiving shares instead of cash dividends.

Important

Your participation may be cancelled if it is reasonably believed you are not eligible to participate;
Separate elections are required for each shareholding. For individual and jointly held shareholdings, elections are applied to the entire holding.
For your own benefit you should read and retain the relevant Terms and Conditions carefully before submitting your application as they form the basis of the services that will be provided. If you do not understand any point please contact us using the contact details on this page.
In order to participate in respect of a particular dividend, elections must be received by the last day for election (details available in the relevant Terms and Conditions or by contacting us), otherwise your election will be applied to subsequent dividends.

Companies that offer DRIP or Scrip Dividend Options

The companies listed within the "apply" section offer shareholders the option to reinvestment their cash dividends to purchase shares or receive new allotted shares as applicable.

Participating companies may provide several dividend options but usually offer one option per dividend and may change or suspend the options offered. Elections not used for a particular dividend will be retained and applied to subsequent dividends where that option is provided.

Confirmation Cancellations

When you elect to receive shares by reinvestment you will be sent;

A DRIP purchase statement and/or a SCRIP dividend statement
A share certificate (if applicable)
A tax voucher

Please note:
If you are a CREST participant or hold your shares in a Corporate Sponsored Nominee, you will not receive a share certificate.

If your election is cancelled/revoked, any existing instruction you’ve given us - to pay your cash dividends to a bank, building society or third party - will then be re-applied as default. If you think that we currently hold out-of-date bank/building society details for any of your shareholdings, please click the button below.

Arrange direct dividend payments

Non CREST Holders

If you currently have a DRIP or SCRIP election applied to a shareholding and would like to cancel this to receive your dividends as a cash payment, you can complete and return a Revocation form (available by clicking the button below).

Revoke your current DRIP/SCRIP election

CREST Holders

If you are a CREST Holder you must follow the CREST elections process to make or revoke a dividend election (click the button below for more information).

CREST participants

My Dividends:

Re-investment options

Dividend payments

Request payment re-issue

Understand the risks

The price and value of any investments and any income from them can fluctuate and may fall. Therefore, you may get back less than the amount you invested. Past performance is not a guide to future performance.

We do not provide advice or make recommendations about investments. If you have any doubts about the suitability of an investment, you should seek advice from a suitably qualified professional advisor.

Need more help?

If the information or FAQs on this page don't answer your question, you can contact us in any of the following ways:

Online

Phone

Post

Further information

Cash Balances

Any residual cash balances following a reinvestment will be retained and applied to future dividends.

Cash balances for DRIP can only be applied to subsequent DRIP purchases, and cash balances for Scrip can only be applied to the allotment of new shares received via a SCRIP. If you leave the DRIP, any remaining cash balance will be paid to you in accordance with the T&C’s.

Client decides to withdraw DRIP/SCRIP option

DRIP/SCRIP options can be withdrawn by the client company at anytime. When this takes place, any existing instruction you’ve given us - to pay your cash dividends to a bank, building society or third party - will then be re-applied as default. If you think that we currently hold out-of-date bank/building society details for any of your shareholdings, please click the button below.

Arrange direct dividend payments

Fees and charges

Shareview Portfolio

ISAs and investment accounts are now on EQi

Re-investment options

Dividend re-investments

Apply

Companies that offer DRIP or Scrip Dividend Options

My Dividends:

Understand the risks

Need more help?

Further information

Re-investment options

Dividend re-investments

Apply

Companies that offer DRIP or Scrip Dividend Options

​​​My Dividends:

Understand the risks

Need more help?

Further information

My Dividends: