FRIP Purchase - Aug 2015

The Flexible Reinvestment Program (FRIP) offered by Scottrade allows the accumulation of dividend payments from ones equities to purchase full shares of ones choice, commission free.

The following are the FRIP purchases I made on 8/28/2015.

CISCO – 2 shares@25.9699 ($51.94)

This purchase adds $1.68 to my annual dividend income, based on the current $0.21 quarterly dividend.

My dividend stock portfolio will pay $686.60 in dividends over the next 12 months.