(NC) Are you someone who spends $5 every morning on a coffee and thinks, “I’m here so often I should own a part of this business!” If you did actually look into it, you might find that the share price for your favourite chain is out of your price range.

With partial shares, such as those from TD Direct Investing, high-priced stocks are no longer out of reach. Every investor now has the opportunity to invest in their favourite companies, no matter the share price.

“Investing should be straightforward and within reach for Canadians,” said Scott Ignall, senior vice president, TD Direct Investing and Wealth Delivery. “With partial shares, Canadians can invest in the companies they want, regardless of the share price or how much they have to invest.”

What are partial shares?

Partial shares are fractions of a company’s stock or exchange-traded funds (ETFs). This means instead of buying a whole share, you’re only buying a part, or a fraction, of a share.

What are the benefits of partial shares?

Partial shares can make investing in high-priced stocks and ETFs more affordable, without needing deep pockets.

Partial shares open doors for all investors, regardless of how much they have to invest, letting them start investing with as little as $5. It allows clients to own a small part of a stock or ETF based on the dollar amount they want to invest. With partial shares, you can also engage in real-time trading.

Do partial shares pay dividends?

Yes. If a stock pays dividends to shareholders, owners of partial shares will receive proportional cash dividend payments as well.

What else should I know?

Partial shares offer less investment or dividend income than full shares. And, as with any stock or ETF, there’s never any guarantee that the investment will be profitable.

No matter what you’re investing in, it’s important to do your homework first. You can limit your risk by thoroughly researching the costs and potential benefits of a fractional share before deciding to buy it.