Because dividend policy and dividend reinvestment plans
are part of financial policy, the implication is that implementing a DRP will not affect firm value under these conditions.
In addition, the company also offers a Dividend Reinvestment Plan
that is eligible to common stock shareholders.
At the time of its IPO in February, 2007, Triangle adopted a dividend reinvestment plan
(DRIP) that provides for reinvestment of dividends on behalf of its shareholders, unless a shareholder elects to receive cash.
The company also offers a Dividend Reinvestment Plan
, enabling holders of common shares to purchase additional common shares by reinvesting cash dividends at a potential discount and without having to pay commissions, service charges or brokerage fees.
Further, shareholders desiring to enrol for the first time in the enhanced Dividend Reinvestment Plan
must do so before 18 August if they wish to participate in the Plan for this month's dividend.
Shares purchased under the program will be used for general corporate purposes and may be available for re-issuance in connection with the company's stock plans and dividend reinvestment plan
The company's dividend reinvestment plan
allows shareholders to reinvest their cash dividends into additional common shares.
In addition, the company will offer a Dividend Reinvestment Plan
to eligible common stock holders to purchase additional common shares by reinvesting cash dividends at a potential discount and without having to pay commissions, service charges or brokerage fees.
The company has an "opt out" dividend reinvestment plan
, or "DRIP," for its stockholders.