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URL:  https://boards.fool.com/this-may-not-be-a-direct-answer-to-the-original-10882020.aspx

Subject:  Re: Effects of Qtrly Reinv.? Date:  5/20/1999  7:56 PM
Author:  jvanput Number:  8152 of 27954

This may not be a direct answer to the original question, but some Brokerage companies like Fidelity and Schwab DO actually provide for dividend reinvestment. The day after a company of which you have shares in the brokerage account (Fidelity in my case) pays a dividend, that dividend is re-invested into additional shares, WITHOUT brokerage costs. Of course, the original shares did incur transaction fees, as will the final sale of them.

E*Trade, on the other hand, does not do any re-investing of dividends (I asked).

Sorry for slightly off-topic reply; just thought someone might want to know (and yes, I do have a "real" DRiP portfolio as well).
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