Stock dividend re-investment is a good way to take emotion out of investment. When stock price goes down, dividend purchases more share. Fidelity stock brokerage account defaults to no dividend re-investment. But it can be setup for dividend re-investment.
Setting up Dividend Rev-investment
- Log into your brokerage account.
- Select “Update Account/Feature” under Accounts & Trade
- Select “Dividends and Capital Gains”
Select the stock you want to re-invest its dividend and hit update at the end. Or you can set up the whole account for dividend re-investment.