For example let's say you decided to start with the following for DRIPS.
Invest by making optional cash payments up to specified limits in any quarter whether or not any dividends on shares of common stock "LKFN" are being reinvested. Unfortunately, most investors think after they have determined their appropriate allocation for their purchase that this is the end of the process. Please note that the Dividend Reinvestment and Stock Purchase Plan is not applicable to the Lakeland Financial Corporation's trust preferred stock "LKFNP". This breakdown above with the percentages that followed would be initially how you would have allocated your original investment. Remember that even though you own a portion of a share, there truly are no "partial shares.