Dividend reinvestment is a smart route for you and your shareholders to take.
We’ll direct the ins and outs.

Dividend reinvestment summary and overview

A dividend reinvestment plan (DRIP) is offered by a company that allows shareholders to reinvest their cash dividends by purchasing additional shares or fractional shares on the dividend payment date. A DRIP is an excellent way to increase the value of an investment. Dividend Reinvestment Plans can also offer a Stock Purchase Plan Feature. This feature allows shareholders to purchase additional shares by sending in funds via a personal check or EFT withdrawal.

Advantages to offering a Dividend Reinvestment and Stock Purchase Plan

A dividend reinvestment and stock purchase plan allows your shareholders to purchase shares over a period time in a simple and cost effective way so they can maximize their long term commitment to your company. Continental can administer your current DRIP plan or you can take advantage of Continental’s Bank Sponsored Direct Stock Purchase Plan. This plan offers the additional feature of allowing investors to purchase their initial shares through the plan.

Advantages for shareholders who participate in Dividend Reinvestment and Stock Purchase Plans

Shareholders purchase shares over a period of time by a process called dollar-cost averaging – averaging out the price at which you buy stock as it moves up or down over a long period. Using this system, you are never buying the stock right at its peak or at its low. Dividend reinvestment and stock purchase plans allow shareholders to purchase shares with cash contributions as well as their dividends. Shares are often purchased with little or no broker commission. Shares are held at Continental in book position and statements are sent to the shareholder at designated intervals. Most plans allow shareholders to sell some or all of their plan shares.

Continental’s Bank Sponsored Dividend Reinvestment and Stock Purchase Plan

Continental offers our own Bank Sponsored Dividend Reinvestment and Stock Purchase Plan. This plan is a great way to provide your shareholders and non shareholders a simple, cost effective way to purchase additional shares of your stock. Here are some of the plan’s features:

  • Purchase initial shares through the plan
  • Reinvest all or part of your dividend
  • Purchase additional shares through optional cash contributions
  • Receive Monthly statements
  • Sale shares on a weekly basis

For information regarding Dividend Reinvestment and Stock Purchase Plans please email drp@continentalstock.com.

Dividend reinvestment plans

Armour Residential REIT Inc (ARR)
Prospectus
Enrollment

Bay Banks of Virginia, Inc. (BAYK)
Prospectus
Enrollment

Choiceone Financial Services Inc (COFS)
Prospectus
Enrollment

Community Bankers Trust Corp (ESXB)
Prospectus
Enrollment

First Home Bancorp
Prospectus
Enrollment

The First of Long Island Corp (FLIC)
Prospectus
Enrollment

Oritani Financial (ORIT)
Prospectus
Enrollment

Orrstown Financial Services INC (ORRF)
Prospectus
Enrollment

Perpetual Federal Bank (PFOH)
Prospectus
Enrollment

Saul Centers Inc (BFS)
Prospectus
Enrollment

Seacoast Banking Corp of Florida (SBCF)
Prospectus
Enrollment

Sonoco Products Co (SON)
Prospectus
Enrollment

United Community Banks Inc (UCBI)
Prospectus
Enrollment

West Shore Bank Corporation (WSSH)
Prospectus
Enrollment

Westar Energy Inc (WR)
Prospectus
Enrollment
April 2017 Supplement
August 2017 Supplement