by CI Staff
DRIP Wizard is a software program from Simplisoft LLC to help investors track the incremental share purchases that are made when participating in a dividend reinvestment plan. With the software, you can see the current value of your DRIP investments, the real return on investment for your DRIPs, and the capital gains on stocks sold. The program runs on Windows 95 systems or higher (although the site does not say if it is compatible with Windows Vista or 7) and costs $49.95.
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If you were to visit the DRIP Wizard website, it is easy to believe that it is merely a marketing tool for the software. However, if you click on the DRIP DATABASE SEARCH link on the left side of the page, you can access the site’s free DRIP screener. You can screen a database of over 800 companies offering DRIPs based on a variety of criteria, including company size, grade, sector and industry. Screening results are provided in list form with contact information. For most companies, the site provides links directly to the DRIP information.
If you are looking for a no-frills screening utility catered toward dividend reinvestment plans, the DRIP Wizard website is definitely worth a look.