Reinvesting Dividends vs "Receive Securities" -- same thing?

I am using Saxo Investor for my personal invesments (mostly in VOO and QQQ), and I want to set up instructions to have my dividends reinvested.

I saw that Saxo has a guide to help set up dividend instructions (https://www.help.saxo/hc/en-sg/articles/3600245...), but it says you can either choose to have the dividends received as cash or securities.

My question is: if I choose to have it received as securities, is that the same thing as having them reinvested?

Thanks in advance!

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Johnny Encinias

06 Jan 2024

Three High-yield Monthly Dividend Stocks that Could be Worth Considering in 2024

Updated: 28 minutes ago

_Welcome to the Investing for Beginners Community.
_Today I talk about three high-yield monthly dividend stocks that could be worth considering in 2024: https://www.investingforbeginnerscommunity.com/...

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Tan Choong Hwee

03 Jan 2024

Investor/Trader at Home

Essentially the same, basically the company gives you securities in lieu of cash dividend, save you an effort of reinvesting your cash dividend which can incur trading cost like commission.

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