Should you always reinvest your ASX dividends with a DRIP?

I’m sure most of the ASX investors out there would be familiar with the concept of a dividend. Dividends are a feature of most ASX blue-chip shares. They constitute a periodic (usually twice a year) cash payment to the shareholders of a company as a reward of sorts for holding a share.

Many retirees use dividend payments to help fund their retirements, but all investors appreciate the passive income that dividend shares can provide. These days, it doesn’t have to be a cash payment though. Many ASX dividend-paying companies offer investors the choice of receiving their dividend as a cash payment, or else reinvesting the dividend back into additional…