There are plenty of dividend reinvestment plan stocks available, but are you paying fees that are eroding your returns? There is no reason to pay a fee to be involved in a dividend reinvestment plan, so here is our list of no-fee dividend reinvestment plan (DRIP) stocks. 

List of No-Fee Dividend Reinvestment Plan (DRIP) Stocks

A dividend reinvestment plan is an equity program offered by a select number of companies. An investor in the company does not receive cash for the dividend income, but instead repurchases additional equity in the company with the proceeds.

Typically at a discounted price to the underlying market value of the stock price. A DRIP program is an effective way to build wealth through compound interest. Invest in DRIP stocks that have continued profit growth for full benefits.

What is DRIP investing?

DRIP investing is truly a hands-free method to treat your equity investments like a savings account. Your dividend income automatically gets reinvested into the common stock (even if it is partial shares). We’ve been involved in DRIP investing for quite some time in our retirement investment portfolio.

I particularly like building a portfolio around a couple of core Dividend King stocks to make my DRIP program work most effectively.

We use Personal Capital to monitor our dividend income, assets and liabilities.

This is simply the best tool to monitor your net worth. Period. Try Personal Capital for free!

Here is our list of no-fee dividend reinvestment plan (DRIP) stocks

These are all of the no-fee dividend reinvestment stocks available to invest in. By using M1 Finance, you can actually invest in every stock for free and they automatically reinvest your dividends for you… free of charge. That’s why we named it one of the best investing apps.

They’ll even purchase fractional shares. You can learn more about M1 Finance in my review.

A number of these dividend stocks are simply the best stocks to invest in any market condition.

3M Company

A.O. Smith Corp.

Abbott Laboratories

AbbVie Inc.

Access National Corp.

Acuity Brands, Inc.

Aerojet Rocketdyne Holdings Inc.

AFLAC Incorporated

Agilysys Inc.

AK Steel Holding Corp.

Albany International A

Albemarle Corp.

Allegheny Valley Bancorp Inc.

ALLETE, Inc.

American Electric Power

American Greetings Corp. A

American States Water

American Water Works

Apache Corp.

Apollo Commercial Real Estate Finance Inc.

Apollo Residential Mortgage Inc.

Aqua America Inc.

Arrow Financial Corp.

Artesian Resources Corp. A

Ashland Inc.

Astoria Financial Corp.

AVX Corporation

BancorpSouth, Inc.

Bank of America Corp.

Bank of Hawaii Corp.

Bank of New York Mellon Corp.

BankFinancial Corp.

Baxter International Inc.

Bemis Company Inc.

BGC Partners, Inc.

BorgWarner Inc.

Boston Properties, Inc.

Brady Corp.

Brandywine Realty Trust

Bridge Bancorp Inc.

Briggs & Stratton Corp.

C & F Financial Corp.

California Water Service Group

Callaway Golf Co.

Camden Property Trust

Capital City Bank Group

Capital One Financial Corp.

Capital Southwest Corp.

Cardinal Financial Corp.

Carlisle Companies Inc.

Casey’s General Stores Inc.

Cathay General Bancorp

CBL & Associates Properties, Inc.

Cedar Realty Trust Inc.

CenturyLink, Inc.

Chemed Corp.

Chemical Financial Corp.

Chemung Financial Corp.

Chesapeake Utilities Corp.

Chubb Limited

Citizens Holding Company

City Holding Co.

CMS Energy Corp

CNB Financial Corporation

Codorus Valley Bancorp, Inc.

Collectors Universe Inc.

Comerica Inc.

Community Bank System, Inc.

ConAgra Brands, Inc.

Connecticut Water Service Inc.

Conoco Phillips

Consumers Bancorp Inc.

CoreLogic Inc.

Corporate Office Properties Trust

Cracker Barrel Old Country Store Inc.

Crane Company

Cummins Inc.

DCB Financial Corp

DDR Corp.

Donaldson Company Inc.

Donegal Group Inc. A

DowDuPont Inc.

Dr Pepper Snapple Group, Inc.

Duke Energy

Duke Realty Corporation

Eaton Corp.

Education Realty Trust Inc.

EMC Insurance Group

Emclaire Financial Corp.

Emerson Electric Co.

Empire Bancshares Inc.

Energen Corp.

EPR Properties

EQT Corp.

Equity Residential

Exxon Mobil Corp.

F&M Bank Corp.

F.N.B. Corp.

Farmers National Banc Corp.

Federal Realty Investment Trust

First American Financial Corp.

First Defiance Financial Corp.

First Industrial Realty Trust

First Internet Bancorp

First Keystone Corp.

First Midwest Bancorp, Inc.

First United Corp.

Flowserve Corp.

Foot Locker Inc.

Forest City Realty Trust Inc

Forest City Realty Trust Inc

Fulton Financial Corporation

GATX Corp.

General Mills Inc.

German American Bancorp Inc.

Government Properties Income Trust

Graco, Inc.

Greene County Bancorp Inc.

Greif Inc. Class A

Guaranty Federal Bancshares Inc.

Hancock Holding Co.

Harford Bank

Harsco Corp.

Hartford Financial Services Group Inc

Hawkins, Inc.

Hawthorn Bancshares Inc.

HCP Inc.

Healthcare Realty Trust Inc.

Hess Corp.

Highwoods Properties Inc.

HNI Corp.

Honeywell International Inc.

Horizon Bancorp

Hormel Foods Corp.

Hospitality Properties Trust

Hubbell, Inc.

Hubbell, Inc. A

Idex Corp.

Illinois Tool Works Inc.

Insteel Industries Inc.

International Flavors & Fragrances Inc.

International Paper Co.

Invacare Corp.

Investors Real Estate Trust

Johnson & Johnson

Juniata Valley Financial Corp.

Kellogg Company

Kilroy Realty Corp.

L Brands Inc.

Lakeland Financial Corp.

Lancaster Colony Corp.

LCNB Corp.

Lexington Realty Trust

Liberty Property Trust

Luby’s Inc.

Macerich Company

Mack Cali Realty Corp.

MacQuarie Infrastructure Corp.

MainSource Financial Group, Inc.

Manitowoc Company Inc.

ManpowerGroup Inc.

Manulife Financial Corp.

Marathon Oil Corporation

Marathon Petroleum Corporation

Marcus Corp. (The)

Masco Corp.

MDU Resources Group Inc.

MeadWestvaco Corp.

Medallion Financial Group

Merchants Bancshares, Inc.

Meritor Inc.

Metro Bancorp Inc.

Mexico Fund Inc. (The)

Middleburg Financial Corp.

Middlesex Water Company

MidSouth Bancorp, Inc.

MOCON Inc.

Modine Manufacturing Co.

Monmouth R.E. Inv. Corp.

Morgan Stanley

National Fuel Gas Co.

National Health Investors, Inc.

NBT Bancorp Inc.

New Jersey Resources Corp.

NiSource Inc.

Nordson Corp.

Norfolk Southern Corp.

Northrop Grumman Corp.

Northwest Bancshares Inc.

Northwest Natural Gas Co.

Northwestern Corp.

Nucor Corp.

Nutraceutical International Corp.

Occidental Petroleum Corp.

OceanFirst Financial Corp.

OGE Energy Corp.

Ohio Valley Banc Corp.

Omnicom Group, Inc.

Omnova Solutions Inc.

ONE Gas Inc.

ONEOK Inc.

Oregon Pacific Bancorp

Orrstown Financial Services Inc.

Otter Tail Corporation

Owens & Minor, Inc.

Parker-Hannifin Corporation

Paychex, Inc.

Penns Woods Bancorp, Inc.

Pennsylvania REIT

Polaris Industries Inc.

PPL Corp.

Praxair, Inc.

Prudential Bancorp Inc. of PA

Public Service Enterprise Group Inc.

Pulaski Financial Corp.

Quaker Chemical Corp.

Raven Industries, Inc.

Raytheon Company

Realty Income Corp.

Regency Centers Corp.

Regions Financial Corp.

Resource Capital Corp.

RGC Resources Inc.

RLI Corp.

RPM International Inc.

S&P Global Inc.

S&T Bancorp, Inc.

Sanofi American Depositary

SB Financial Group

SBT Bancorp Inc.

Select Income REIT

Selective Insurance Group, Inc.

Sempra Energy

Senior Housing Properties Trust

Sensient Technologies Corp.

SIFCO Industries, Inc.

SL Green Realty Corp.

Snap-on Incorporated

Snyder’s-Lance, Inc.

Southwest Bancorp Inc.

Southwest Gas Holdings, Inc.

Southwest Georgia Financial Corp.

Spire, Inc.

State Auto Financial Corp.

Stifel Financial Corp.

Strayer Education Inc.

Superior Industries International Inc.

Telephone & Data Systems Inc.

TESSCO Technologies Inc.

Textron, Inc.

The Charles Schwab Corp.

The Sherwin-Williams Co.

The Toro Co.

The York Water Company

Timken Company (The)

Tompkins Financial Corp.

TowneBank

Tredegar Corp.

TriCo Bancshares

UGI Corp.

UMB Financial Corp.

Union Pacific Corp.

United Bancorp, Inc.

United Bankshares, Inc.

United Security Bancshares

United States Steel Corporation

Unitil Corporation

Unity Bancorp, Inc.

Universal Corp.

Universal Health Realty Income Trust

Univest Corp. of Pennsylvania

USG Corp.

Valley National Bancorp

Valmont Industries Inc.

Vectren Corp.

W.P. Carey Inc.

W.R. Grace & Co.

Washington Trust Bancorp, Inc.

Wayne Savings Bancshares, Inc.

WEC Energy Group, Inc.

Weis Markets, Inc.

Welltower Inc.

WesBanco, Inc.

West Pharmaceutical Services Inc.

Worthington Industries Inc.

Xerox Corp.

Xylem Inc.

Zion Oil & Gas, Inc.

Zions Bancorporation

Why dividend reinvestment plan stocks work

Dividend reinvestment plan stocks are a great way to maximize total return. You earn dividend income, but it is automatically reinvested at a discounted rate. Dividend growth investing is a marathon not a sprint, so develop an actionable plan for the long-term.

Some of our favorite dividend stocks to buy include no-fee dividend reinvestment plan stocks. The critical part is the no-fee dividend reinvestment plan. I would never invest in a DRIP stock that would charge me fees to do so. Fees will erode your returns over the long haul.

I like to use my Roth IRA as a form of a DRIP program, but then my after-tax investment account is not a DRIP. I use Robinhood to build a dividend portfolio.

Check out our guide on how to build a dividend growth portfolio to ensure dividend growth investing success.

If you’d prefer to try Robinhood, then use our link and we will both get a free share of stock! This free stock could be Apple, Amazon or more!

Individual dividend growth investing is not for everyone, so you can use Wealthsimple to automate your investing process.

Have you invested in one of these no-fee dividend reinvestment plan stocks?

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Are you ready to invest in DRIP stocks?