The correct option is Dividend Reinvestment Plan.
DRIPs, or dividend reinvestment plans, are used by hundreds of publicly traded corporations. At each quarterly dividend payment, they drip-feed the company's dividend into fresh shares of their own stock, much like the acronym. These programs are run by businesses at no ongoing expense to you.
The term "dividend reinvestment plan," abbreviated as DRIP, also serves to define how the plan operates. With DRIPs, an investor's investment in a firm grows incrementally by using the cash dividends they get from the company to buy more stock.
Learn more about dividend reinvestment plans here
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