Jump to content

Dividend reinvestment plan (DRIP)


Recommended Posts

Guest Invis

Hello IG Community,

Can anyone advise - is it possible to set up automatic divided reinvestment on normal share dealing accounts and stocks and shares ISAs on IG and if so how would I do this?

Thanks for your help!

Link to comment
  • 6 months later...
  • 2 months later...
  • 2 months later...
On 18/11/2019 at 19:53, Guest Rodrigo said:

I would like IG to have dividends dripping program? Is that possible? 

I am am a long term accumulation investor. My portfolio is in millions. My Portfolio IG is only 3.5% of overall. The primary reason is the lack of DRIP. I don't care if they do or don't, other than I hate waste and commercial stupidity, obviously many do want it. In the meantime just Invest in II, or Halifax, it's included and cheap.

  • Like 1
  • Thanks 2
Link to comment
  • 4 weeks later...
  • 2 weeks later...
  • 2 months later...
  • 3 weeks later...
  • 1 month later...
  • 1 month later...
  • 2 weeks later...
  • 1 month later...
  • 5 weeks later...
  • 3 weeks later...

I agree with all the above sentiments.  I've used several brokers before, such as ii, Halifax, etc. I assumed ALL online brokers and investment platforms included automated DRIP.  Shocked that IG do not!  Even more surprised at their complacency in not responding to this thread.

Link to comment
5 hours ago, TobyThomas said:

I agree with all the above sentiments.  I've used several brokers before, such as ii, Halifax, etc. I assumed ALL online brokers and investment platforms included automated DRIP.  Shocked that IG do not!  Even more surprised at their complacency in not responding to this thread.

 

On 08/01/2021 at 11:02, WillC said:

Hi there,

Please could you explain why dividend reinvestment is not offered, and why there has been no update since the admin post on 20 Nov 2019.

 

On 09/12/2020 at 23:33, Guest Jess_1908 said:

I'd like an update on this too. I'm going to have to move my shares to another broker specifically for this reason.

 

On 29/10/2020 at 14:10, Mikey_2811 said:
On 17/10/2020 at 02:06, Guest Tak said:

Same, any updates?

 

On 13/09/2020 at 18:40, taffet87 said:

Any news here? I will probably give up and move the shares I hold elsewhere soon as IG seem remotely uniterested in this

 

On 06/08/2020 at 09:41, Sartois said:

Bump - update please.

 

On 21/07/2020 at 06:28, jeantan said:

Any update?

 

On 30/04/2020 at 15:42, lk8 said:

Any news on this?

 

Update please 

Hey all, 

There's a team currently working to add a dividend reinvestment plan. We don't have a time frame yet but I will update you. 

All the best

  • Great! 2
Link to comment
  • 2 months later...
  • 1 month later...
  • 5 weeks later...
  • 2 weeks later...
  • 3 weeks later...
Guest Maverick284

DRP should be made available on priority as it’s such a basic feature. IG would risk losing customers if this doesn’t happen at the earliest !

Link to comment
  • 3 months later...

It is funny that the IG website gives a definition about DRIP but does not offer it at the moment 
https://www.ig.com/uk/investments/support/glossary-investment-terms/dividend-reinvestment-definition

I like the platform but was surprised to see there was no option to reinvest Dividends after I signed up. Also would have thought since Jan 25th they may have been able to have come up with a solution by now.

Link to comment
6 hours ago, Rawly said:

It is funny that the IG website gives a definition about DRIP but does not offer it at the moment 
https://www.ig.com/uk/investments/support/glossary-investment-terms/dividend-reinvestment-definition

I like the platform but was surprised to see there was no option to reinvest Dividends after I signed up. Also would have thought since Jan 25th they may have been able to have come up with a solution by now.

Hi @Rawly,

IG is aware that it is an option that clients would like to see. I will forward your feedback to the relevant department to be reviewed.

Thank you - Arvin

Link to comment
  • 4 months later...

Dear IG, 

Has there been any progress on providing a DRIP feature? 

This has been waiting an exceptionally long time, can we please recieve an ETA or a confirmation that the feature will not be provided. The current lack of response is leaving people in a constant state of limbo. This will trigger people to move to alternative providers due to lack of transparency.

Regards 

Pearse

Edited by pmcguinness07
Link to comment

How on earth is this still under review after almost 3 years?!

IG - please either give a proper update with an expected timeline for when this feature will be offered, or be honest and say that nothing is forthcoming.

Thanks

  • Like 1
Link to comment
On 09/03/2022 at 05:13, pmcguinness07 said:

Dear IG, 

Has there been any progress on providing a DRIP feature? 

This has been waiting an exceptionally long time, can we please recieve an ETA or a confirmation that the feature will not be provided. The current lack of response is leaving people in a constant state of limbo. This will trigger people to move to alternative providers due to lack of transparency.

Regards 

Pearse

 

On 12/03/2022 at 00:30, Lambchops said:

How on earth is this still under review after almost 3 years?!

IG - please either give a proper update with an expected timeline for when this feature will be offered, or be honest and say that nothing is forthcoming.

Thanks

Hi @pmcguinness07 @Lambchops,

Unfortunately at this point in time there is no ETA for DRIP to be available on the platform. As mentioned IG is aware that it is a feature that some clients would like to see but there is no ETA.

All the best - Arvin

Link to comment
  • 3 months later...

It’s a shame this hasn’t been sorted. Will have to setup my real investments with Hargreaves’s Lansdown, and just keep ig for fun. 
Will be missing out on a lot of business

 

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      20,704
    • Total Posts
      89,604
    • Total Members
      40,570
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    osamaalabdallah
    Joined 28/11/22 18:27
  • Posts

    • Stock Trading: US ETF Sectors SP500, AAPL, AMZN, NVDA, TSLA, GOOGL, BRK.B, SQ, META, NFLX, ENPH, MSFT, BAC, JPM. US ETF Sectors. Elliott Wave Analysis US Stocks: Apple (AAPL),Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft MSFT, Berkshire Hathaway (BRK/B), Block, Inc (SQ), Meta Platforms, Netflix (NFLX), Enphase (ENPH), Alphabet GOOGL. XFL Finance Sector ETF, JPMorgan JPM & Bank of America BAC, Goldman Sachs Group Inc (GS) Stock Market News: Thecurrent top I was looking for is now in place, confirmed by the SP500 and the USD Dollar Stock Market Summary Elliott Wave There is a top in place and it could be a serious top, the next step is a larger Impulse wave lower to confirm a larger move lower, so far on the Sp500 we have three waves down... Video Chapters 00:00 SP500 / USD Dollar 04:04 Apple (AAPL) 06:17 NVIDIA (NVDA) 07:28  Amazon (AMZN) 10:12 Meta Platforms (META) 11:08 Netflix (NFLX)  11:33 Enphase (ENPH) 12:50 Tesla (TSLA) 14:09 Alphabet (GOOGL)  16:18 Microsoft (MSFT) 20:07 Berkshire Hathaway (BRK.B) 23:10 Block Inc. (SQ)  24:57 Banks JPM, GS, BAC 40:28 TRIAL Buy 1 Month Get 3 Months  Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817 Source: tradinglounge com  
    • In this week’s Trade of the Week, IG senior market analyst Josh Mahony looks to go short AUD/EUR with a stop-loss at 0.652 and a take-profit at 0.6286. He also looks at the recent long GBP/JPY and USD/CNH trades.    
    • Hi @sastheman45 Thank you for allowing us some time to look into your query. Please ensure that you are logged in when completing the academic videos. It might not be recording them as 'Complete' if you are not signed in your account when watching the videos.  If this is not the case, please let us know and we will get a team to look into it.  All the best, OfentseIG
×
×
  • Create New...