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How Direct Investing works

• Many companies allow you to invest in their stock directly, without using a stockbroker. These Direct Investment Plans—also known as Direct Stock Purchase Plans, Dividend Reinvestment Plans, or Dividend Reinvestment Programs (DRIPs)—allow you to accumulate whole and fractional shares in your own name. (Brokers hold their customers’ shares in “street name,” so the companies never recognize you as a shareholder.)
• Each DRIP company will either administer the plan itself or hire a Transfer Agent to handle both dividend reinvestment and periodic cash purchases.
• On this website, you can find a list of companies which offer DRIPs, purchase the minimum number of shares required to open a DRIP account, and order enrollment in an account in any of over 1,000 different companies. Start by clicking the "Start" arrow below to find out more about the companies available through our service.
• At this site, we provide information about the operations of each plan, including the name and address of the transfer agent, the minimum and maximum investment amounts accepted by the plan, whether or not there are fees associated with purchases through the plan, and the next investment date for the plan, to mention only a few of the details we glean from plan prospectuses and organize for your use.

DirectInvesting.com and The Moneypaper can help!

We can help you choose companies: Our extensive database lists over 1,000 companies that offer direct investment plans. and is constantly updated to reflect new plans and plan changes. You can use our Search tool to screen for DRIP companies that have the characteristics that are most important to you. For instance, you can screen for companies in a certain industry, that offer yields of at least a certain percent, and have at least a certain quality ranking, and cost no more than a certain amount. In addition, you can make your selections based on the stocks selected by The Moneypaper editors. Each month, the list of DRIP stocks that meet the criteria described in the issue is posted online at this site.

We can help you open your direct investment account(s): You can order enrollment in a DRIP of your choice online or by printing out a mail-in order form. The transaction is handled by the Temper Enrollment Service, which has been enrolling investors in direct investment plans since 1986. Once your account is open, you will receive a statement from the enrollment service and your dealings with it are closed. After that, your account is held in your name at the transfer agent. The plan administrator will send you a statement showing your account number and share balance. All statements you receive thereafter will have a tear-off deposit slip that you can mail in with a check to make another investment whenever you choose to do so. Statements are issued following each investment you make and after the quarterly dividend is issued and reinvested to buy shares in your account.

For more information, please fill out the form at the right.
To see companies that offer direct investment plans, please click below.