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Last week, I took you on a tour of the world of dividend reinvestment programs (DRIPs).

Like I said then, "DRIPs are a great way to ease the routine burdens of dividend investing."

If you're going to be reinvesting your dividends time and time again back into a long-term holding, DRIPs are a great option that simplify the process of reinvestment substantially.

Picking a stock for its DRIP is no different than picking a dividend stock in general. But the whole purpose of DRIP enrollment is to make life easier. So reliability is absolutely key. After all, the idea is to ease your burdens, not increase them.

So, as promised, I'm back today with two DRIP stocks (and one from Dividends & Income Daily Co-Founder and Chief Income Strategist Louis Basenese) that have dividend dependability in spades…

Rock Solid DRIP #1: Boeing (NYSE:BA)

Now, I wouldn't be caught dead flying in one of Boeing's Dreamliners, thanks to the recent mechanical failures. But that doesn't mean I feel the same way about its stock.

Remember, this isn't the first time Boeing has had to deal with setbacks. In the 1970s, its flagship 747 launch was delayed for months because of engine problems. But it weathered that storm just fine, and it'll do it again this time around.

So don't let the recent troubles scare you away. Like Warren Buffett says, "Be fearful when others are greedy and greedy when others are fearful."

Currently, Boeing's stock is trading at 13.2 times earnings, which is beneath its five-year average P/E of 16.5 and the S&P's P/E of 15 -- making it a relative bargain.

As for history, Boeing has been a solid payer since 1974, not skipping a beat once. And it's more than doubled its payments in the last 10 years -- from $0.20 annualized to $0.44 -- giving it a projected yield of 2.35%.

Granted, that's just above the average for the S&P, but Boeing's aggressive long-term dividend growth will push your yield-on-cost higher over time.

Rock Solid Drip #2: McDonald's (NYSE:MCD)

Consumer spending has gone haywire over the last few years, and the fast-food industry has taken some heat because of it.

But these are short-term trends. McDonald's is a long-term play buttressed by a wide economic moat. Way out in front of the pack, it's unlikely to be dislodged from its position any time in the foreseeable future.

It's also unlikely that its dividend program will ever get the axe. McDonald's has been dolling out dividends for over 30 years, while making substantial increases in the process. Its five-year average growth rate of 14% proves it.

What's more, the raises are sustainable. Its current dividend payout ratio of 53% means there's no danger of its dividend growth getting a haircut.

Currently, the stock yields 3.1%, which is a percentage point above the S&P average. And the virtually assured raises will work wonders on your yield-on-cost.

Case in point: Given the current figures, holding for 10 years with dividends reinvested pushes your yield-on-cost to 16.36%. (Not bad, eh?)

Rock Solid Drip #3, Consolidated Edison (NYSE:ED)

And last but not least, Louis Basenese suggests the following DRIP stock:

"Founded in 1884, Consolidated Edison is one of the oldest utilities. It provides steam, natural gas and electricity to one of the most densely populated markets in the country -- the Northeast.

The result? There's virtually no risk that the company is going out of business. Shares aren't a screaming bargain at a forward P/E ratio of 14.3. But such a valuation is hardly considered expensive.

What's compelling about Consolidated Edison is its 4.4% dividend yield. That's double the 2.1% dividend yield of the S&P 500 Index.

Rest assured, the dividend is safe, as the company's dividend payout ratio (DPR) checks in at a conservative 70%. And it's all but guaranteed to increase, too. For 38 years in a row (and counting), management has increased the dividend."

Bottom line: Armed with these rock solid DRIP stocks, you should be all set to initiate a long-term dividend reinvestment strategy -- the easy way. Just remember to check out the companies' investor relations pages for individual details.

Source: A Basket Of 3 Rock Solid DRIP Stocks