How to Setup Fidelity Account for Stock Dividend Re-investment?

Background

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

1. Log into your brokerage account.
2. Select “Update Account/Feature” under Accounts & Trade
3. 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.