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The only strike I have against DRIPs is that they're a bit of an administrative burden. With discount brokers trending down toward $5 per trade, I'm wondering if going that route isn't more convenient.

Points well spoken. But really - if you have $50 to blow on some stock one month, it's not likely you'll send it to your broker - it would have to get down to $1/trade before your costs are under (or, more specifically, at) 2%. Many DRiPs charge nothing to make an OCP (optional cash payment). And what's more, with that $50 in your DRiP, you can pick up fractional shares if they aren't trading right at $50 even - and even that fractional share will start working for you right away. I think for a C-K position, DRiPs are an excellent (albeit high in administrative cost) option...
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