Can any dividend paying stock be drip or if not how do you find out which ones can be?
RBC does have a list of companies for which they offer synthetic drips - they do not publish the list, and the only way to find out is by calling and asking about a specific holding.
Has any one using RBC set up a Drip program? Thanks for the help!
I've got the synthetic drips on in my accounts, the one issue is that its an all-or-none endeavor, you can not choose individual holdings within the account to drip.
Note, this is synthetic drip only.
If you want to setup REAL drips, you'll need to get RBC to issue stock certificates ($50 ea.), then you can use that to register with the management Co. (e.g. Compushare or whomever for company X) - and do it after. This method WILL allow you to repurchase shares directly with no commissions, and in some instances hold fractional shares, and fully benefit from any drip discount the issuing co. may offer.
Note about RBC synthetic drips, they do pass on discount in some cases, but for this, you also have to call in and ask.
Good luck!