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Hey there, sorry for not scrolling through the 18,702 Foolish replies that were sent to you about your query regarding the DRIP plans. You may already be well informed about the server which has now become computershare. This company functions as the transfer agent for several hundred bigger companies (most are large caps). I have been using this very helpful site now for a couple of years and it is set up super conveniently, even for the novice. It provides a list of companies with which it deals and each one of these has the plan info available i.e. optional cash purchase fees, dividend reinvestment fees, whether or not you need one share to join the program and a whole smorgasbord of other useful stuff. Many great cash flush companies such as Exxon, Altria, Nike, etc, dont even require one share to be purchased before entering the program. Usually there will be a minimum $250 or $500 minimum first purchase amount. If you are seeing red right now at these such companies there are still many other companies you might find more agreeable to your portfolio. I have DRIP plans from computershare with companies such as Coca Cola, Johnson and Johnson, and Wrigley's, but of course there are many other beauties. These three required me to be a registered shareholder (with shares in book entry form). I solved that dilemna by buying just one share of each of these companies via, which will sell you that most coveted share you need to enroll in that all precious DRIP plan of your choice. These shares are in book entry form and they carry with them a transfer agent fee and they make you buy a frame with your stock (go for the econo frame option which is something like 2.95). After that and about a month wait you will be a registered shareholder and will get a password where you'll be able to create an online DRIP account with your company. The upfront fees are a bit detestable but after that if you enroll with the right plans you will never be hit with any fees ever again!!!! woohoo!(until you sell a portion or all of your shares 30 years later as one rich and patient individual) And since you are likely in this for the long run, this sort of plan makes perfect sense from an economic (a.k.a.your wallet) perspective. Though the 4 dollar trades ( seem enticing now, those trades will likely exceed the initial frameastock fees within a year or two. I hope this will be of help even though it was probably more than you ever wanted to know about the subject. Please dont hesitate to ask any questions! Yours, Caribdrifter
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