Reinvest the dividends and if you have the option to purchase more shares directly, do it.
Often the rules will be in favor of taking more shares.
Example:
Share value = $15.00
Take cash = 0.05 per share dividend
In this case 300 shares would give you another share. Sometime having it paid in dividends is better such as
Share value = $15.00
Number of current shares to equal one share = 250 or $12.50
If you're dealing in large number you may want to consider which is better as it can add up if you're working with larger lots.
You may also want to take a look at the tax considerations doing this same thing in a non registered account
