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Message
Dividend ReInvestment Plans
Posted on 8/26/11 at 8:50 pm
Posted on 8/26/11 at 8:50 pm
Hey everyone! I want to enroll in a company sponsored DRIP, but don't know how too.
The two I had in mind were Albemarle (ALB), and Intel (INTC).
I have the general idea.
1) Both of these companies require an initial ownership of shares for enrollment. I own shares of both.
2)There are enrollment fees, sale fees, minimum, and maximum purchases, etc. I know what they are.
But how do I actually get into the company sponsored DRIP? I use Scottrade as my brokerage and they do not offer any DRIP services.
The two I had in mind were Albemarle (ALB), and Intel (INTC).
I have the general idea.
1) Both of these companies require an initial ownership of shares for enrollment. I own shares of both.
2)There are enrollment fees, sale fees, minimum, and maximum purchases, etc. I know what they are.
But how do I actually get into the company sponsored DRIP? I use Scottrade as my brokerage and they do not offer any DRIP services.
Posted on 8/26/11 at 9:03 pm to fasdit
Posted on 8/26/11 at 9:22 pm to LSU9102
It looks like computer share would work for Intel, but Albemarle does not come up on their list?
Posted on 8/26/11 at 9:27 pm to fasdit
I did it for Proctor and Gamble for a while.
Posted on 8/27/11 at 12:52 pm to fasdit
Posted on 8/30/11 at 11:12 pm to The Easter Bunny
That sight looks sketchy as hell. I'm not down with that. I need a more legit holding company for Albemarle.
Posted on 8/31/11 at 8:14 am to fasdit
Why not invest in an index fund with automatic reinvestment of dividends? Minimal cost, plus probably a better risk/return profile.
Posted on 8/31/11 at 1:59 pm to foshizzle
I don't want an index fund because I am only interested in investing in a small number of specific companies on an individual basis.
Posted on 8/31/11 at 2:02 pm to LSU9102
quote:
This is where my Hibernia shares are that is now Captial One.
My inherited ATT shares are through computershare as well somehow.
Posted on 8/31/11 at 8:36 pm to Chad504boy
quote:
My inherited ATT shares are through computershare as well somehow.
Because there aren't many companies that provide the service that Computershare does.
To the OP: Check the investor relations part of Albermarle's website. It looks like Wells Fargo is their transfer agent, so any DRIP will be done through them.
Posted on 9/1/11 at 2:56 pm to ProjectP2294
P2294 nailed it! I found a PDF file explaining the whole process too! Wells Fargo it is.
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