RE:Just In
That was essentially my logic with getting in to BK (or BNS for that matter). However, you'd be shortchanging yourself with a DRIP on a commisson-free ETF like FIE. You don't pay the commission to repurchase shares, so you could do it without the drip. Other banks stocks like BNS or BK (a mix of all of them) offer a similar yield but also give a bonus for DRIP enrolment. BNS gives a 5% discount; BK has a much higher yield.
In general terms, every portfolio should have a bank stock of some sort on longterm DRIP.