2nd October 2019

investopedia
11

What is a direct stock purchase plan?

A direct stock purchase plan (DSPP) is an investment service that allows individuals to purchase a stock directly from a company or through a transfer agent. Not all companies offer DSPPs, and the plans often have restrictions on when an individual can purchase shares.

Also question is, can I buy stock directly from a company?

A: There are a few circumstances in which a person can buy stock directly from a company. The following is meant to cover some of these instances, which include direct stock purchase plans, dividend reinvestment plans (DRIPs) and employee stock purchase plans (ESPPs).

Can you buy shares directly from a company?

Many companies allow you to buy or sell shares directly through a direct stock plan (DSP). Direct Stock Plans — Some companies allow you to purchase or sell stock directly through them without your having to use or pay commissions to a broker. But you may have to pay a fee for using the plan's services.

What companies offer DRIPs?

Ten Dividend Stocks That Offer No-Fee DRIPs
  • 3M Co (MMM )
  • AbbVie Inc. (ABBV )
  • Sherwin Williams (SHW )
  • Honeywell (HON )
  • ExxonMobil (XOM )
  • Aflac (AFL )
  • Johnson & Johnson (JNJ )
  • Abbott Labs (ABT )
Write Your Answer

Rate

94% people found this answer useful, click to cast your vote.

4.7 / 5 based on 3 votes.

Bookmark

Press Ctrl + D to add this site to your favorites!

Share