Has anyone heard of Direct stock purchase plan?
has anyone bought stock by going through a company direct stock purchase plan, is there any hidden catches to this plan. Thanks for any help
- regeruggedLv 71 decade agoFavorite Answer
Yes, I have bought stock that way. No hidden catches. It was actually a very good deal for me. Pennsylvania American Water Company offered to sell stock directly to it's water utility customers, several years ago. They gave a 5% discount off the market value, no brokers fees were involved, and they automatically reinvested dividends, which were about 4%. Within a few years my investment almost quadrupled. Unfortunately a German Company bought out PAWC, and I had to accept cash from the sale.
- 4 years ago
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- oroianLv 43 years ago
optimal inventory at recent is held interior the broking provider provider's nominee or unique Crest account. this is the broking provider provider, subsequently that has to % between inventory dividend or money dividend. for sure the broking provider provider could opt to invite the shopper what he needs to do. how this is arranged will remember on the broking provider provider. With my company the clearing agent sends around a notification asking what my shopper needs to do. I telephone the shopper and ask. different than i understand that the shopper, working occasion continuously desires money. it must be enormously user-friendly with any broking provider provider, on line or in any distinctive case.
- derekLv 41 decade ago
Yes, I have bought stock that way.
No catches. Just make sure you pay close attention to the fees (seems each one is different).
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- BapboyLv 41 decade ago
I'm not entirely sure I have you right but I found this article which might be on the right track