What is a Dividend Reinvestment Plan (DRP) and how do I change my DRP status?

A dividend reinvestment plan is something offered by some companies to allow shareholders to receive some or all of any dividends they may receive from their shareholding in the form of new shares rather than cash. 

You can view the DRP rules as well as change your DRP election online via the Automic Online Investor Portal. 

To update your participation online please do so by logging into your portfolio account here. 

If you have not yet registered for an online investor portal account, please do so by clicking here 

Once signed in, click on reinvestment plans on the holding you wish to update your election for. If you do not see the reinvestment plan button appear on your holding this means that this issuer does not currently offer a dividend reinvestment plan. 
 

Click on update 

Click on the DRP election you wish to participate in i.e. Full or Partial (a further field will be displayed to elect the number of shares/units you wish to partially elect) then click next  

Tick the box that you have read the terms and conditions  

You have now successfully made your DRP participation online.