Were lucky to have very vocal readers here at D&I Daily. Our inboxes are brimming with criticisms, comments and questions for our staff.

And thats excellent, because it means theres a void in the marketplace for honest, unbiased information. By no means do we plan on ignoring that need, either.

So, every month, we take time out of our regularly scheduled commentary and research answers to your questions. While we cant provide individual investment advice, we can answer your general questions.

Dont be afraid to speak up! Drop us a line at feedback@DividendsAndIncomeDaily.com with your questions, comments and biting criticisms. Were on the ready and eager to respond to each one.

Im new to D&I , and not a trader, but an investor in good dividend stocks of companies that offer direct purchase and dividend reinvestment. Ive tried Google for a list of such companies without success. Will you help, as well as comment on this dividend investing approach? Thank You. C.K.

Im a huge fan of dividend reinvestment programs (DRIPs) and the direct stock purchase programs that DRIPs are usually paired with.

For readers not yet familiar, a DRIP is a service that automatically reinvests dividend payments back into more shares of that same company. And a direct stock purchase program allows for initial share purchases directly from the company (without using a broker).

That means no fees or commissions.

In short, the advantages of using DRIPs and direct purchases are lower maintenance (because its automatic) and lower fees (because theres no broker involved). For more detailed info on how DRIPs work, see my recent article on the strategy .

Of course, this approach isnt good for everyone. Many investors need the regular income that dividends provide. But with DRIPs, all dividends get reinvested rather than being paid out.

Now, as easy as DRIPs make dividend reinvestment in the long run, getting started can be a bit of a pain.

You see, unfortunately, theres no definitive list of stocks that offer dividend reinvestment programs. That usually means youll need to do a little legwork to uncover the ones that do.

There are, however, a few websites out there that maintain informal lists of DRIP stocks. The best Ive come across is The DRIP Investing Resource Center .

But as a general rule of thumb, if you come across a company thats been paying dividends consistently for a long time, chances are they offer a DRIP. Just head over to the Investor Relations section of its website for more information.

I sold $200K of stocks in 2012 to capture a loss (offset by a gain elsewhere). I havent reinvested the money yet. If I went into 10 stocks, say, what would be a solid strategy for purchases? All at once? Laddered over several weeks? E.H.

Of course, what you should do depends on your particular scenario. We do have some general advice though.

There are advantages to each strategy. But generally speaking, the longer your money is in the market, the better. After all, money out of the market isnt doing anything but collecting dust. So if you have the initial capital and you believe in the long-term potential of a stock, theres no reason to hold back.

Having said that, if your initial capital isnt as much as youd prefer and you plan to buy more shares down the road as you come into more money the best way to go about this is by dollar-cost averaging (DCA).

The idea behind DCA is to invest fixed amounts into the same stock at regular intervals say, $1,000 every six months. Over time, this method lowers your average cost per share.

This is due to the fluctuation of a stocks price over long periods of time. Because youre investing fixed amounts, when prices are up, you purchase fewer shares. And when prices are down, you purchase more.

But, again, DCA should only be considered a go-to method if youre short on initial capital.

Silver Wheaton (SLW) pays a dividend. I think its too small. What is your opinion? D.N.

Small doesnt even begin to cut it, D.N.

Not only is the dividend beyond paltry its current projected yield is just 0.93% its actually shrinking, down from 1.16% for the last payout. And up until last year, its dividends were nonexistent.

Long story short, Silver Wheaton is about as far from a viable income investment as you can get. Even short-term Treasury yields begin looking good in comparison!

Before we go, heres Louis Basenese supplying the answer to our last question of the day:

Real dividend players are Canadian banks. They all pay north of 3% some even more. I’ve been holding Toronto-Dominion Bank (TD ) stock since 1985 and have never looked back. It split 2-for-1 about 10 years ago. They boosted dividends this year. I’ve had a DRIP on it, and a third of my shares came from there.  L.E.

I couldn’t agree more, L.E.!

In fact, going back to 2011, I’ve singled out Canadian banks time and time again. (See here for my most recent rundown.)

Not only do they turn out substantial yields, they’re on surer footing and far ahead of the banking recovery taking place in the United States. Why? Because they escaped getting totally hosed by the 2008-2009 market meltdown and they never had to take on massive government bailouts.

Like I said before, “Forget being on the mend they’re the world’s soundest banks, according to the World Economic Forum. So much so, all but one of them increased their dividends twice in the last year.”

Dividend Reinvestment Programs (DRIPs) are an excellent way to invest in these solid dividend growers, too. So, kudos! A hands-off investment along with rising payments is never a bad thing!

Thats it for this months Q&A edition! Were looking forward to the next round, so remember to sound off with any feedback, ramblings, or questions to feedback@DividendsAndIncomeDaily.com .