Qualifying for the Program:
To qualify for most DRP Program, you must be a registered shareholder of at least one (1) share of their stock. Getting the initial share is the biggest hurdle to getting started in a DRP Program, but with a little persistence you will get it done.
- The initial share can be purchased through a Stock Broker. Instruct the broker to register the stock in your name and mail the stock certificate to you. You must be a registered shareholder to qualify for most DRP Plans!
- If you use the online enrollment service of The MoneyPaper Inc, they purchase the initial share(s) of stock for you.
Enroll Direct with the Company
You can get the DRP Prospectus (describes the DRP Program and it is FREE) and setup your DRP account direct with many companies. Just contact the company and ask for the Dividend Reinvestment Office. They will mail the Prospectus to you. Each company determines the conditions of its DRP Program, so get the Prospectus for the company in which you intend to invest. If the company is a DOW 30 or S&P 500 company, you can get the contact information for the company at: DRP Stock List
Enroll in DRP Plans Online
The MoneyPaper Inc will do everything needed to get you enrolled in any Dividend Reinvestment Program online, for a small fee. They buy the initial share(s), submit your application to the DRP Plan Administrator and then transfer the initial share(s) to them. Go to The Moneypaper Inc
You avoid the hassle of setting up the DRP account. Once enrolled in your DRP account, you simply submit your monthly investments by check or bank withdrawal direct to the DRP Plan Administrator for the stock.
