I had been strictly a DRIP investor. I hadn't had a brokerage account in years. Instead I looked for direct stock purchase plans and made small investments in dividend paying stocks. By dollar cost averaging small amounts over years I forced myself not to be an active trader. I'd hold for years with the plan to have a portfolio of dividend payers when I retire. Then I'd stop reinvesting my dividends and take them in cash. I retired the end of June 2013. I also opened a brokerage account and have stopped reinvesting dividends and begun moving some of my stocks out of the DRIP plans and into my brokerage account. As I transition into the distribution phase I am being more deliberate in selecting dividend growth companies with higher yields. Though, I am not absolute on a certain yield percentage. I've recently bought some higher yielding stocks and REITs, but have kept many of my lower yielding stocks as long as they continue to increase the dividend. I'm still in a few DRIPs though winding them down.