How Many FRD Shares for $500 or $1,000 a Month?
At $0.16 a share a year, $500 a month takes about 37,500 FRD shares, about $1,431,000 at the Nov 12, 2026 close of $38.16. $1,000 a month takes about 75,000 shares, about $2,862,000. Before taxes, and only while the rate holds.
Friedman Industries (FRD) pays $0.04 a share quarterly, $0.16 a year, a 0.42% run-rate yield at the Nov 12, 2026 close of $38.16. It has paid since 1987 and raised its annual dividend 2 years in a row.
At today’s rate of $0.04 quarterly and the last close of $38.16, this is what FRD pays before taxes, if the rate stays where it is:
| You hold | Each payment | Per month (avg) | Per year |
|---|---|---|---|
| 1 share | $0.04 | $0.01 | $0.16 |
| 100 shares | $4.00 | $1.33 | $16.00 |
| $10,000 invested (262.1 shares) | $10.48 | $3.49 | $41.93 |
| 37,500 shares ($500/mo) | $1,500.00 | $500.00 | $6,000.00 |
| 75,000 shares ($1,000/mo) | $3,000.00 | $1,000.00 | $12,000.00 |
With DRIP on, every payment buys more shares instead of landing as cash. 100 FRD shares reinvest into 0.10 new shares each payment, about 0.4 new shares a year at today’s price and rate, and each new share collects the next payment too. To DRIP one whole new share every payment you need about 954 shares. Raises speed that up; a falling share price buys more shares per payment, but each is worth less. See the snowball over 10 to 30 years with FRD’s own history in the FRD DRIP calculator.
- Coverage (EPS): are profits enough to pay the dividend rating
- Coverage (FCF): is spare cash enough to pay the dividend rating
- Dividend vs cash flow + debt: is the dividend paid with borrowed money report
- Debt load: how much the balance sheet leans on borrowing rating
- Debt interest coverage: can profits easily pay the interest bill rating
- Earnings direction: are sales and profits growing or shrinking report
- Liquidity: is there cash for debts due this year rating
- Raise streak: how many years in a row it raised see details
- Years without a cut: how long since the last dividend cut see details
- Raise vs trend: are recent raises keeping their usual pace history
- Yield vs history: is today’s yield high or low versus its past rating
- Recession record: what the dividend did in past crashes history
FRD Dividend Yield Today vs Its 5-Year Range
- FRD yields 0.42% today, at the Nov 12, 2026 close of $38.16.
- Its own 10-year median is 0.86%, so today’s yield is well below its usual level.
- No steady norm: a 0.42% yield is too small to say much about the price. So this reads today’s yield against its own 10-year history as it is.
Where today ranks in its own history is in the paid report
How it works. Each month-end over the last 10 years gives one yield: the regular payment then, times payments a year, over that day’s close. Specials are left out. 50 means today’s yield sits right at its usual level. A lower score means the yield is below its usual level, so the price is high against the payout. A higher score means the yield is above its usual level. On price alone a payer stays between 15 and 85. Steady raisers get a few points back. It reads the past, not the future.
When Is FRD’s Next Dividend? Ex-Date and Pay Date After October 2026
FRD has not declared its next dividend yet. By its usual rhythm of about 91 days between ex-dates, the next ex-date falls around Jan 22, 2027, with the cash around Jan 25, 2027. An estimate, not a promise: only the declaration makes it final. The latest one, $0.04 a share, went ex on Oct 23, 2026 and paid Oct 26, 2026.
- Ex-dates: about every 91 days (quarterly)
- Payment: usually about 3 days after the ex-date
- Next earnings report: Feb 2, 2027
Every payer going ex-dividend this week is on the dividend calendar.
How Often Does FRD Pay?
FRD pays quarterly, 4 times a year. Recent payments arrived in Jan, Apr, Jul and Oct, with ex-dates in Jan, Apr, Jul and Oct. The ex-date comes about every 91 days, and the cash usually lands about 3 days later.
- Streak: 2 years of higher annual totals (through 2025)
- Last raise: Apr 25, 2024 - $0.02 to $0.04 (+$0.02, +100.00%)
- Usual $ step: $0.02 (median of the raises before it)
- EPS payout: 2.8% - $0.16 paid / $5.76 EPS (4 quarters to Sep 30, 2026); own 4-yr norm 6.3% (median of 12 earlier trailing years)
- FCF payout: n/a (free cash flow per share negative) - $0.16 paid / -$1.01 free cash flow per share (4 quarters to Sep 30, 2026); own 4-yr norm 8.1% (median of 12 earlier trailing years)
FRD vs Similar Dividend Stocks (OEC, DRD...)
Against the 10 dividend-paying Basic Materials companies closest to FRD in market value, FRD’s 0.42% run-rate yield is below the group’s middle yield of 2.39%, and its raise streak of 2 years is the longest. A higher yield than the group is not a bonus by itself: it is often the market pricing in a cut, so read it next to the rating and the coverage behind it.
| Ticker | Dividend ⓘ | Yield | Safety Rating | No cut ⓘ |
|---|---|---|---|---|
| FRD $38.16Friedman Industries | $0.04/qtr$0.16/yr fwd | 0.42% | Dividend Safety Rating: paid plans only | 11 yrsraised 2 yrs in a row |
| OEC $3.97Orion S.A. | $0.021/qtr$0.08/yr fwd | 2.12% | Dividend Safety Rating: paid plans only | 4 yrsraised 1 yr in a row |
| DRD $23.40DRDGOLD Limited | $0.312/half-yr$0.62/yr fwd | 2.67% | Dividend Safety Rating: paid plans only | 3 yrsraised 1 yr in a row |
| VOXR $4.74Vox Royalty | $0.015/qtr$0.06/yr fwd | 1.27% | Dividend Safety Rating: paid plans only | 2+ yrsraised 2 yrs in a row |
| CMCL $20.16Caledonia Mining Corporation | $0.14/qtr$0.56/yr fwd | 2.78% | Dividend Safety Rating: paid plans only | 10 yrsno raise streak |
| FF $2.83FutureFuel | $0.01/qtr$0.04/yr fwd | 1.41% | Dividend Safety Rating: paid plans only | 0 yrsno raise streak |
| FTCO $4.09Fortitude Gold | $0.01/mo$0.12/yr fwd | 2.93% | Dividend Safety Rating: paid plans only | 0 yrsno raise streak |
| TROX $2.62Tronox Holdings | $0.05/qtr$0.20/yr fwd | 7.63% | Dividend Safety Rating: paid plans only | 0 yrsno raise streak |
| VHI $16.80Valhi | $0.08/qtr$0.32/yr fwd | 1.90% | Dividend Safety Rating: paid plans only | 5 yrsno raise streak |
| GSM $3.05Ferroglobe | $0.015/qtr$0.06/yr fwd | 1.97% | Dividend Safety Rating: paid plans only | 2 yrsraised 1 yr in a row |
| PPCLY $0.88PPC | $0.037/qtr$0.15/yr fwd | 16.82% | Dividend Safety Rating: paid plans only | 2+ yrsno raise streak |
Yield and the safety rating are only half of it. See total returns with dividends reinvested, side by side: FRD vs OEC, FRD vs DRD, FRD vs VOXR.
FRD Dividend History: Every Payment Since 1987
| Ex-date | Pay date | Amount | Frequency | Type |
|---|---|---|---|---|
| Oct 23, 2026 | Oct 26, 2026 | $0.04 | Quarterly | Regular |
| Jul 17, 2026 | Jul 20, 2026 | $0.04 | Quarterly | Regular |
| Apr 24, 2026 | Apr 27, 2026 | $0.04 | Quarterly | Regular |
| Jan 16, 2026 | Jan 19, 2026 | $0.04 | Quarterly | Regular |
| Oct 24, 2025 | Oct 27, 2025 | $0.04 | Quarterly | Regular |
| Jul 18, 2025 | Jul 21, 2025 | $0.04 | Quarterly | Regular |
| Apr 25, 2025 | Apr 28, 2025 | $0.04 | Quarterly | Regular |
| Jan 17, 2025 | Jan 20, 2025 | $0.04 | Quarterly | Regular |
| Oct 25, 2024 | Oct 28, 2024 | $0.04 | Quarterly | Regular |
| Jul 26, 2024 | Jul 29, 2024 | $0.04 | Quarterly | Regular |
| Apr 25, 2024 | Apr 29, 2024 | $0.04 | Quarterly | Regular |
| Jan 18, 2024 | Jan 22, 2024 | $0.02 | Quarterly | Regular |
| Oct 19, 2023 | Oct 23, 2023 | $0.02 | Quarterly | Regular |
| Jul 20, 2023 | Jul 24, 2023 | $0.02 | Quarterly | Regular |
| Apr 27, 2023 | May 1, 2023 | $0.02 | Quarterly | Regular |
| Jan 12, 2023 | Jan 16, 2023 | $0.02 | Quarterly | Regular |
| Oct 13, 2022 | Nov 18, 2022 | $0.02 | Quarterly | Regular |
| Jul 21, 2022 | Aug 12, 2022 | $0.02 | Quarterly | Regular |
| Apr 28, 2022 | May 27, 2022 | $0.02 | Quarterly | Regular |
| Jan 13, 2022 | Feb 11, 2022 | $0.02 | Quarterly | Regular |
| Oct 7, 2021 | Nov 12, 2021 | $0.02 | Quarterly | Regular |
| Jul 15, 2021 | Aug 6, 2021 | $0.02 | Quarterly | Regular |
| Apr 22, 2021 | May 21, 2021 | $0.02 | Quarterly | Regular |
| Jan 7, 2021 | Feb 5, 2021 | $0.02 | Quarterly | Regular |
| Oct 8, 2020 | Nov 13, 2020 | $0.02 | Quarterly | Regular |
| Jul 16, 2020 | Aug 7, 2020 | $0.02 | Quarterly | Regular |
| Apr 23, 2020 | May 22, 2020 | $0.02 | Quarterly | Regular |
| Jan 9, 2020 | Feb 7, 2020 | $0.02 | Quarterly | Regular |
| Oct 10, 2019 | Nov 15, 2019 | $0.02 | Quarterly | Regular |
| Jul 18, 2019 | Aug 9, 2019 | $0.04 | Quarterly | Regular |
| Apr 25, 2019 | May 24, 2019 | $0.04 | Quarterly | Regular |
| Jan 10, 2019 | Feb 8, 2019 | $0.06 | Quarterly | Regular |
| Oct 11, 2018 | Nov 16, 2018 | $0.06 | Quarterly | Regular |
| Jul 12, 2018 | Aug 10, 2018 | $0.03 | Quarterly | Regular |
| Apr 26, 2018 | May 25, 2018 | $0.02 | Quarterly | Regular |
| Jan 11, 2018 | Feb 9, 2018 | $0.01 | Quarterly | Regular |
| Oct 12, 2017 | Nov 17, 2017 | $0.01 | Quarterly | Regular |
| Jul 12, 2017 | Aug 11, 2017 | $0.01 | Quarterly | Regular |
| Apr 26, 2017 | May 26, 2017 | $0.01 | Quarterly | Regular |
| Jan 11, 2017 | Feb 10, 2017 | $0.01 | Quarterly | Regular |
| Oct 12, 2016 | Nov 18, 2016 | $0.01 | Quarterly | Regular |
| Jul 13, 2016 | Aug 12, 2016 | $0.01 | Quarterly | Regular |
| Apr 27, 2016 | May 27, 2016 | $0.01 | Quarterly | Regular |
| Jan 13, 2016 | Feb 12, 2016 | $0.01 | Quarterly | Regular |
| Oct 14, 2015 | Nov 13, 2015 | $0.01 | Quarterly | Regular |
| Jul 15, 2015 | Aug 14, 2015 | $0.01 | Quarterly | Regular |
| Apr 29, 2015 | May 29, 2015 | $0.01 | Quarterly | Regular |
| Jan 14, 2015 | Feb 13, 2015 | $0.02 | Quarterly | Regular |
| Oct 15, 2014 | Nov 14, 2014 | $0.02 | Quarterly | Regular |
| Jul 16, 2014 | Aug 15, 2014 | $0.02 | Quarterly | Regular |
| Apr 23, 2014 | May 23, 2014 | $0.02 | Quarterly | Regular |
| Jan 15, 2014 | Feb 14, 2014 | $0.02 | Quarterly | Regular |
| Oct 16, 2013 | Nov 15, 2013 | $0.08 | Quarterly | Regular |
| Jul 17, 2013 | Aug 16, 2013 | $0.08 | Quarterly | Regular |
| Apr 17, 2013 | May 17, 2013 | $0.08 | Quarterly | Regular |
| Jan 16, 2013 | Feb 15, 2013 | $0.13 | Quarterly | Regular |
| Dec 14, 2012 | Dec 28, 2012 | $0.50 | Quarterly | Special |
| Oct 17, 2012 | Nov 16, 2012 | $0.13 | Quarterly | Regular |
| Jul 18, 2012 | Aug 17, 2012 | $0.13 | Quarterly | Regular |
| Apr 11, 2012 | May 11, 2012 | $0.13 | Quarterly | Regular |
| Jan 18, 2012 | Feb 17, 2012 | $0.13 | Quarterly | Regular |
| Oct 19, 2011 | Nov 18, 2011 | $0.13 | Quarterly | Regular |
| Jul 20, 2011 | Aug 19, 2011 | $0.13 | Quarterly | Regular |
| Apr 13, 2011 | May 13, 2011 | $0.11 | Quarterly | Regular |
| Jan 19, 2011 | Feb 18, 2011 | $0.11 | Quarterly | Regular |
| Dec 15, 2010 | Dec 28, 2010 | $0.50 | Quarterly | Special |
| Oct 20, 2010 | Nov 19, 2010 | $0.08 | Quarterly | Regular |
| Jul 21, 2010 | Aug 20, 2010 | $0.04 | Quarterly | Regular |
| Apr 21, 2010 | May 21, 2010 | $0.01 | Quarterly | Regular |
| Jan 20, 2010 | Feb 19, 2010 | $0.01 | Quarterly | Regular |
| Oct 21, 2009 | Nov 20, 2009 | $0.01 | Quarterly | Regular |
| Jul 22, 2009 | Aug 21, 2009 | $0.03 | Quarterly | Regular |
| Apr 22, 2009 | May 22, 2009 | $0.05 | Quarterly | Regular |
| Jan 21, 2009 | Feb 20, 2009 | $0.12 | Quarterly | Regular |
| Oct 22, 2008 | Nov 21, 2008 | $0.12 | Quarterly | Regular |
| Jul 23, 2008 | Aug 22, 2008 | $0.08 | Quarterly | Regular |
| Apr 23, 2008 | May 23, 2008 | $0.05 | Quarterly | Regular |
| Jan 23, 2008 | Feb 22, 2008 | $0.06 | Quarterly | Regular |
| Oct 24, 2007 | Nov 16, 2007 | $0.08 | Quarterly | Regular |
| Jul 25, 2007 | Aug 24, 2007 | $0.08 | Quarterly | Regular |
| Apr 25, 2007 | May 25, 2007 | $0.08 | Quarterly | Regular |
| Jan 24, 2007 | Feb 23, 2007 | $0.10 | Quarterly | Regular |
| Oct 18, 2006 | Nov 17, 2006 | $0.08 | Quarterly | Regular |
| Jul 26, 2006 | Aug 25, 2006 | $0.08 | Quarterly | Regular |
| Apr 26, 2006 | May 26, 2006 | $0.08 | Quarterly | Regular |
| Jan 25, 2006 | Feb 24, 2006 | $0.08 | Quarterly | Regular |
| Oct 19, 2005 | Nov 25, 2005 | $0.08 | Quarterly | Regular |
| Jul 27, 2005 | Aug 26, 2005 | $0.08 | Quarterly | Regular |
| Apr 27, 2005 | May 27, 2005 | $0.08 | Quarterly | Regular |
| Jan 26, 2005 | Feb 25, 2005 | $0.08 | Quarterly | Regular |
| Oct 20, 2004 | Nov 26, 2004 | $0.08 | Quarterly | Regular |
| Jul 28, 2004 | Aug 27, 2004 | $0.05 | Quarterly | Regular |
| Apr 28, 2004 | May 28, 2004 | $0.02 | Quarterly | Regular |
| Jan 28, 2004 | Feb 27, 2004 | $0.02 | Quarterly | Regular |
| Oct 22, 2003 | Nov 28, 2003 | $0.028 | Quarterly | Regular |
| Jul 23, 2003 | Aug 29, 2003 | $0.03 | Quarterly | Regular |
| Apr 23, 2003 | May 23, 2003 | $0.02 | Quarterly | Regular |
| Jan 29, 2003 | Feb 28, 2003 | $0.03 | Quarterly | Regular |
| Oct 16, 2002 | Nov 22, 2002 | $0.02 | Quarterly | Regular |
| Jul 17, 2002 | Aug 23, 2002 | $0.02 | Quarterly | Regular |
| Apr 24, 2002 | May 24, 2002 | $0.01 | Quarterly | Regular |
| Jan 23, 2002 | Feb 22, 2002 | $0.03 | Quarterly | Regular |
| Oct 17, 2001 | Nov 23, 2001 | $0.03 | Quarterly | Regular |
| Jul 18, 2001 | Aug 24, 2001 | $0.04 | Quarterly | Regular |
| Apr 25, 2001 | May 25, 2001 | $0.04 | Quarterly | Regular |
| Jan 24, 2001 | Feb 23, 2001 | $0.04 | Quarterly | Regular |
| Oct 18, 2000 | Nov 24, 2000 | $0.04 | Quarterly | Regular |
| Jul 19, 2000 | Aug 25, 2000 | $0.04 | Quarterly | Regular |
| Apr 26, 2000 | May 26, 2000 | $0.04 | Quarterly | Regular |
| Jan 19, 2000 | Feb 25, 2000 | $0.0476 | Quarterly | Regular |
| Oct 13, 1999 | Nov 26, 1999 | $0.0476 | Quarterly | Regular |
| Jul 21, 1999 | Aug 27, 1999 | $0.0457 | Quarterly | Regular |
| Jan 20, 1999 | Feb 26, 1999 | $0.0653 | Quarterly | Regular |
| Oct 14, 1998 | Nov 27, 1998 | $0.0653 | Quarterly | Regular |
| Jul 22, 1998 | Aug 28, 1998 | $0.0653 | Quarterly | Regular |
| Apr 29, 1998 | May 29, 1998 | $0.068 | Quarterly | Regular |
| Jan 21, 1998 | Feb 27, 1998 | $0.0648 | Quarterly | Regular |
| Oct 8, 1997 | Nov 21, 1997 | $0.0648 | Quarterly | Regular |
| Jul 16, 1997 | Aug 22, 1997 | $0.0605 | Quarterly | Regular |
| Apr 23, 1997 | May 23, 1997 | $0.0501 | Quarterly | Regular |
| Jan 22, 1997 | Feb 28, 1997 | $0.0494 | Quarterly | Regular |
| Oct 9, 1996 | Nov 22, 1996 | $0.0411 | Quarterly | Regular |
| Jul 17, 1996 | Aug 23, 1996 | $0.0411 | Quarterly | Regular |
| Apr 24, 1996 | May 24, 1996 | $0.0395 | Quarterly | Regular |
| Jan 17, 1996 | Feb 23, 1996 | $0.0353 | Quarterly | Regular |
| Oct 4, 1995 | Nov 17, 1995 | $0.0392 | Quarterly | Regular |
| Jul 12, 1995 | Aug 18, 1995 | $0.0392 | Quarterly | Regular |
| Apr 17, 1995 | May 19, 1995 | $0.0392 | Quarterly | Regular |
| Jan 13, 1995 | Feb 24, 1995 | $0.0448 | Quarterly | Regular |
| Oct 3, 1994 | Nov 18, 1994 | $0.0373 | Quarterly | Regular |
| Jul 11, 1994 | Aug 19, 1994 | $0.0373 | Quarterly | Regular |
| Apr 11, 1994 | May 20, 1994 | $0.0298 | Quarterly | Regular |
| Jan 14, 1994 | Feb 25, 1994 | $0.0284 | Quarterly | Regular |
| Oct 4, 1993 | Nov 19, 1993 | $0.0284 | Quarterly | Regular |
| Jul 12, 1993 | Aug 20, 1993 | $0.0213 | Quarterly | Regular |
| Apr 2, 1993 | May 14, 1993 | $0.0213 | Quarterly | Regular |
| Jan 11, 1993 | Feb 19, 1993 | $0.0203 | Quarterly | Regular |
| Oct 5, 1992 | Nov 20, 1992 | $0.0203 | Quarterly | Regular |
| Jul 13, 1992 | Aug 21, 1992 | $0.0135 | Quarterly | Regular |
| Apr 6, 1992 | May 15, 1992 | $0.0135 | Quarterly | Regular |
| Jan 6, 1992 | Feb 14, 1992 | $0.0193 | Quarterly | Regular |
| Sep 30, 1991 | Nov 15, 1991 | $0.0129 | Quarterly | Regular |
| Jun 28, 1991 | Aug 16, 1991 | $0.0193 | Quarterly | Regular |
| Apr 8, 1991 | May 17, 1991 | $0.0193 | Quarterly | Regular |
| Jan 7, 1991 | Feb 15, 1991 | $0.0307 | Quarterly | Regular |
| Oct 1, 1990 | Nov 16, 1990 | $0.0246 | Quarterly | Regular |
| Jun 29, 1990 | Aug 17, 1990 | $0.0307 | Quarterly | Regular |
| Apr 6, 1990 | May 18, 1990 | $0.0368 | Quarterly | Regular |
| Jan 8, 1990 | Feb 16, 1990 | $0.0307 | Quarterly | Regular |
| Oct 2, 1989 | Nov 17, 1989 | $0.0307 | Quarterly | Regular |
| Jun 30, 1989 | Aug 11, 1989 | $0.0553 | Quarterly | Regular |
| Apr 3, 1989 | May 12, 1989 | $0.0307 | Quarterly | Regular |
| Jan 9, 1989 | Feb 17, 1989 | $0.0877 | Quarterly | Regular |
| Oct 3, 1988 | Nov 18, 1988 | $0.0585 | Quarterly | Regular |
| Jul 1, 1988 | Aug 12, 1988 | $0.0585 | Quarterly | Regular |
| Apr 4, 1988 | May 13, 1988 | $0.1052 | Quarterly | Regular |
| Mar 21, 1988 | — | $2.7842 | Quarterly | Special |
| Jan 4, 1988 | Feb 12, 1988 | $0.1392 | Quarterly | Regular |
| Oct 6, 1987 | Nov 13, 1987 | $0.0835 | Quarterly | Regular |
| Jul 6, 1987 | Aug 14, 1987 | $0.0371 | Quarterly | Regular |
| Apr 28, 1987 | Jun 1, 1987 | $0.0371 | Quarterly | Regular |
| Jan 5, 1987 | Feb 13, 1987 | $0.0371 | Quarterly | Regular |
What the Dividend Safety Rating Means for FRD
FRD Dividend Questions
How often does FRD pay dividends?
FRD pays quarterly, 4 times a year. Recent payments arrived in Jan, Apr, Jul and Oct, with ex-dates in Jan, Apr, Jul and Oct. The ex-date comes about every 91 days, and the cash usually lands about 3 days later.
Does FRD pay dividends monthly?
No. FRD pays quarterly, 4 times a year. For payers that pay every month, see the monthly dividend stocks.
When is the next FRD dividend?
FRD has not declared its next dividend yet. By its usual rhythm of about 91 days between ex-dates, the next ex-date falls around Jan 22, 2027, with the cash around Jan 25, 2027. An estimate, not a promise: only the declaration makes it final. The latest one, $0.04 a share, went ex on Oct 23, 2026 and paid Oct 26, 2026. The current rate is $0.04 per share, $0.16 a year.
Does FRD pay a dividend in January 2027?
Not declared yet. By its usual rhythm the next ex-date falls around Jan 22, 2027, with the cash around Jan 25, 2027, so a payment in January 2027 is likely. Only the company’s declaration makes it final.
How much does FRD pay per share?
FRD pays $0.04 a share quarterly, $0.16 a year. At the Nov 12, 2026 close of $38.16 that is a 0.42% run-rate yield, well below its usual level: its own 10-year median is 0.86%.
Has FRD raised its dividend?
Yes. FRD has raised its annual dividend 2 years in a row, through 2025. The latest raise, on Apr 25, 2024, took the rate from $0.02 to $0.04 (+100.00%). Over five years the dividend grew 14.9% a year.
Is FRD’s dividend safe?
No rating can promise a future payment, but the record on file says a lot. FRD paid out 3% of its earnings as dividends over the 4 quarters to Sep 30, 2026. It has raised its dividend 2 years in a row and gone 11 years without a cut. This is data, not investment advice. The full 12-check rating comes with a plan.
How do I track my FRD dividends?
Add FRD to a free DRIPCalc portfolio once, with your buy date and share count. Every payout since fills in, dated and in dollars; with DRIP on, the new shares each payment buys are counted for you, so there is no spreadsheet to update and no broker login. To project the snowball, run FRD in the DRIP calculator.