A Dividend Reinvestment Plan (DRP) allows you to reinvest your dividends directly into additional shares of a company, rather than receiving them as a cash payment. It can be a convenient way to grow your shareholding over time without placing a new trade.
How do I set up a DRP?
To set up a DRP for a particular shareholding, you'll need to do this directly through the company's share registry — this is not something that can be arranged through Selfwealth.
Most Australian companies use a share registry such as Computershare, Link Market Services, or Boardroom Pty Limited.
Step-by-step process
- Identify the share registry that manages the company's shares.
- Log in to the share registry portal or create an account if you don't have one.
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Locate your holding using either your:
- HIN (Holder Identification Number) — for broker-sponsored holdings, or
- SRN (Securityholder Reference Number) — for issuer-sponsored holdings.
- You may also need to enter your postcode and the holding name.
- Navigate to the Dividends, Payments, or Communication Preferences section.
- Select the Dividend Reinvestment Plan (DRP) option.
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Choose your participation level:
- Full participation — all dividends are reinvested, or
- Partial participation — only a portion of the holding is reinvested.
- Submit and confirm your election before the DRP cut-off date set by the company.
How do I find the right share registry?
You can usually find the relevant share registry details on the company's investor relations website or dividend statements. Alternatively, you can search for the stock code on the ASX website.
Please note: DRP availability and terms vary by company — not all companies offer a DRP, and cut-off dates differ. We recommend checking directly with the share registry or the company's investor relations page for the most up-to-date information.