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Reinvest my dividends

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

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.

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.

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.​

Cash Balances

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

Important: 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.

Paying a cash dividend when DRIP/Scrip option is withdrawn for a particular dividend

DRIP/SCRIP options can be withdrawn by the client company at anytime.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 
 
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Fees and charges

The applicable fees for the reinvestment option chosen can be found in the participating company’s Terms and Conditions. Please refer to the participating company list by clicking the button below.

Participating company list 
 

Confirmation of reinvestment

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

  • A SCRIP dividend statement and/or a DRIP purchase 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.​​

Apply to reinvest your dividend elections

Online or by post

Click the button below for more information about how to apply online (via Shareview Portfolio if available) or by post.

Apply to reinvest your dividend elections 
 

CREST Holders

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

Cancelling/revoking your request to reinvest dividends

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 

A written revoke request will also be accepted for both DRIP and SCRIP.

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(opens in new window) 

Apply

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

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:

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.​​​​​​​​

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