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No. of Recommendations: 1
Nick,

As Rebecca said, Temper is a good service, which indeed is the best way to buy a single share. However, many stocks allow you to "buy-in" for a certain amount - usually around $250. These can be found at www.equiserve.com or other transfer agents. Also, many companies will allow you to invest directly from them (Duke, Procter & Gamble).

My first DRIP was Duke Energy. I still have around 121 shares with them. They are a great company with a decent div'd. From my limited experience -- energy (power & oil/gas), financials, REITs tend to pay the best dividends. Again, that is from my limited experience.

The site that Rebecca pointed to www.directinvesting.com is probably the best listing of all stocks that do DRIP plans. The site will tell you what fees are associated with the plan. Who the transfer agent is. And what the criteria for participation is.

Good luck to you and your nephew

- Major
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