DRIP Investing, Step by Step

Direct Purchase Programs

For many years, only a handful of companies have had the mechanism in place shares directly to individual investors. However, in 1995 the Securities and Exchange Commission eased its regulations, allowing corporations to implement direct purchase programs much more easily. Since then, the number of companies who are able to sell shares directly to investors has grown from a handful to nearly 400. These programs are commonly known as Direct Stock Plans (DSPs) or No-Load Stocks.

Some companies (usually banks or utilities) limit such initial purchases to customers or residents. There may also be a nominal commission involved, or a minimum purchase requirement. Nevertheless, in one fell swoop an investor can buy a share and enroll in a DRIP from a growing number of companies.

Companies that don't pay dividends may also have direct purchase plans for investors.

The following is a partial list of some of the companies and ADRs that have direct purchase programs in place as of October 2007. (Click the ticker symbol for more research from StockCentral.com).

Acadia Realty (AKR)
Acuity Brands (AYI)
ADC Telecommunications (ADCT)
Aetna, Inc. (AET)
AFLAC (AFL)
AGL Resources, Inc. (ATG)
Air Products and Chemicals, Inc. (APD)
Alaska Communications (ALSK)
Allegheny Technologies (ATI)
Allete (ALE)
Alliant Energy (LNT)
Allstate (ALL)
Altria (MO)
AMB Property (AMB)
AMCOL International (ACO)
Ameren (AEE)
American Electric Power Co., Inc. (AEP)
American Express (AXP)
American States Water (AWR)
American Tower (AMT)
Ameriprise Financial (AMP)
AMETEK (AME)
Anadarko Petroleum (APC)
Andersons (ANDE)
Anthracite Capital (AHR)
Anworth Mortgage Asset (ANH)
Applied Industrial (AIT)
Aqua America (WTR)
Arbitron (ARB)
Arch Chemicals (ARJ)
Archstone-Smith (ASN)
Arrow Financial (AROW)
Arthur J. Gallagher (AJG)
Arvin Meritor (ARM)
Ashland (ASH)
AT&T (T)
Atmos Energy (ATO)
Avery Dennison (AVY)
Avis Budget Group (CAR)
Badger Meter (BMI)
Bank of America (BAC)
Bank of NY Mellon (BK)
Bank of SC (BKSC)
Banner (BANR)
Bard [C.R.] (BCR)
Barnes Group (B)
Beazer Homes (BZH)
Becton, Dickinson (BDX)
Best Buy (BBY)
BioMed Realty (BMR)
BIW Ltd. (BIW)
Black Hills (BKH)
Blyth Industries (BTH)
Bob Evans Farms (BOBE)
Borders Group (BGP)
BorgWarner Automotive (BWA)
Boston Beer Company (SAM)
Boston Properties (BXP)
Bowne & Co. (BNE)
BRE Properties, Inc. (BRE)
Bristol-Myers Squibb (BMY)
Brookline Bancorp (BRKL)
Brown Shoe (BWS)
Burger King (BKC)
Calamos AssetManagement (CLMS)
California Water Services (CWT)
Campbell Soup (CPB)
Capital Lease (LSE)
Caraustar Industries (CSAR)
Carpenter Technology Corp. (CRS)
Carver Bancorp (CNY)
Cascade Financial (CASB)
Cash America (CSH)
Caterpillar (CAT)
CBS (CBS)
CenterPoint Energy (CNP)
Central Pacific Financial (CPF)
Central Vermont Public Service (CV)
Ceridian (CEN)
CH Energy Group (CHG)
Chevron (CVX)
CIGNA (CI)
Clorox (CLX)
CMS Energy (CMS)
Coachmen Industries (COA)
Colgate-Palmolive (CL)
Colonial Properties Trust (CLP)
Columbus McKinnon (CMCO)
Community Bank Systems (CBU)
ConocoPhillips (COP)
Cooper Tire & Rubber (CTB)
Costco Wholesale (COST)
CSX (CSX)
Curtiss-Wright (CW)
CVS/Caremark (CVS)
Darden Restaurants (DRI)
DCT Industrial (DCT)
Deere & Co. (DE)
Del Monte (DLM)
Dell (DELL)
Diebold (DBD)
Dime Community (DCOM)
Disney [Walt] (DIS)
Dominion Resources, Inc. (D)
Domino's Pizza (DPZ)
Dover (DOV)
Dow Jones & Co. (DJ)
DTE Energy (DTE)
Duke Energy (DUK)
Duke Realty (DRE)
Duquesne Light (DQE)
Eastern (EML)
Eastman Chemical (EMN)
Eastman Kodak Co. (EK)
Eaton (ETN)
Edison International (EIX)
Education Realty (EDR)
Electronic Data Systems (EDS)
Emerson (EMR)
Energen Corp. (EGN)
Entergy Corporation (ETR)
Entertainment Properties (EPR)
Equifax (EFX)
Equity Office Properties (EOP)
Equity Residential (EQR)
Essex Property (ESS)
Estee Lauder (EL)
Exxon Corporation (XOM)
Fannie Mae (FNM)
FBL Financial (FFG)
Federal Signal (FSS)
FedEx (FDX)
Ferrellgas Partners (FGP)
Fifth Third Bancorp (FITB)
First American (FAF)
First Commercial Corp. (FCF)
First Financial Holdings (FFCH)
First Niagara Financial (FNFG)
FirstEnergy (FE)
Ford Motor Company (F)
Freddie Mac (FRE)
GenCorp (GY)
General Electric (GE)
General Growth Properties (GGP)
Genworth Financial (GNW)
Glimcher Realty (GRT)
Goodyear Tire & Rubber Co. (GT)
Granite Construction (GVA)
Great Atlantic & Pacific (GAP)
Great Plains Energy (GXP)
H.R. Gevity (GVHR)
Halliburton (HAL)
Hanesbrands (HBI)
Hanover Capital (HCM)
Harland [John H.] (JH)
Harley-Davidson (HOG)
Harrah's Entertainment ( HET)
Hawaiian Electric Industries (HE)
Health Care Properties (HCP)
Health Care REIT (HCN)
Heinz [H.J.] (HNZ)
Hershey Company (HSY)
Hillenbrand Industries, Inc. (HB)
Holly (HOC)
Home Depot (HD)
Home Properties (HME)
IBM (IBM)
Idacorp (IDA)
Idearc (IAR)
Imation (IMN)
IndyMac (NDE)
Infinity Properties (IPCC)
Integrys Energy (TEG)
Intel (INTC)
International Paper (IP)
Interpool (IPX)
Intersil (ISIL)
iStar Financial (SFI)
ITT Industries (ITT)
Jeffersonville Bancorp (JFBC)
Johnson Controls (JCI)
Jones Lang LaSalle (JLL)
JPMorgan Chase & Co. (JPM)
Kaman (KAMNA)
Kellogg (K)
Kellwood (KWD)
Kelly Services (KELYA)
KeyCorp (KEY)
Kilroy Realty (KRC)
Kimco Realty (KIM)
Kinder Morgan (KMI)
Kite Realty Group (KRG)
Kraft Foods (KFT)
Lear (LEA)
Lehman Brothers (LEH)
Libbey (LBY)
Liberty Property Tr. (LRY)
Lilly [Eli] (LLY)
Limited Brands (LTD)
Lincoln National (LNC)
Liz Claiborne (LIZ)
Lockheed Martin (LMT)
Longs Drug Stores (LDG)
Lowe's Companies (LOW)
LSB (LXBK)
Lubrizol (LZ)
Luminent Mortgage (LUM)
Macerich (MAC)
Mack-Cali Realty (CLI)
Macy's (FD)
Maine & Maritimes (MAM)
Manulife (MFC)
Marathon (MRO)
Marriott International (MAR)
Marsh & McLennan (MMC)
Massey Energy (MEE)
Mattel, Inc. (MAT)
McCormick & Co. (MKC)
McDermott International (MDR)
McDonalds Corporation (MCD)
McGraw-Hill (MHP)
MDU Resources (MDU)
Meadowbrook Insurance (MIG)
MeadWestvaco (MWV)
Merck (MRK)
Merck and Company, Inc. (MDT)
Met-Pro (MPR)
MFA Mortgage (MFA)
MGE Energy (MGEE)
Microsoft (MSFT)
MidSouth Bancorp (MSL)
Millipore (MIL)
Modine Mfg. (MOD)
Molex (MOLX)
Monsanto (MON)
Morgan Stanley (MS)
Motorola (MOT)
National Financial Partners (NFP)
National Fuel Gas (NFG)
Nationwide Financial Services (NFS)
Nationwide Health (NHP)
NCR (NCR)
Newell Rubbermaid (NWL)
Newport Corp. (NEWP)
Nike (NKE)
NorthStar Realty (NRF)
Northwest Natural Gas (NWN)
Office Depot (ODP)
OGE Energy Corp. (OGE)
Old National Bancorp (ONB)
Omega Health (OHI)
Omnicom (OMC)
ONEOK Inc. (OKE)
Oskosh Truck (OSK)
Owens & Minor (OMI)
Pacific Capital (PCBC)
Parkway Properties (PKY)
Paychex (PAYX)
Peabody Energy (BTU)
Penney [J.C.] (JCP)
Pennsylvania Real Estate Investment (PEI)
People's Bank (PBCT)
PepsiAmericas (PAS)
PepsiCo (PEP)
PerkinElmer (PKI)
Pfizer (PFE)
PG&E (PCG)
Piedmont Natural Gas Co. (PNY)
Pier 1 Imports (PIR)
Pinnacle West Capital Corp. (PNW)
Plum Creek Timber (PCL)
PMI Group (PMI)
PNM Resources (PNM)
PolyOne (POL)
Popular (BPOP)
PPG Industries (PPG)
Pride International (PDE)
Procter & Gamble (PG)
Progress Energy (PGN)
ProLogis Trust (PLD)
Public Service Enterprise Group, Inc. (PEG)
Puget Sound Energy, Inc. (PSD)
Qualcomm (QCOM)
Quanex (NX)
Questar (STR)
Qwest Communications (Q)
RadioShack (RSH)
Reader's Digest (RDA)
Redwood Trust (RWT)
Regions Financial (RF)
Resource Capital (RSO)
Reynolds American (RAI)
Robbins & Myers (RBN)
Rockwell Automotive (ROK)
Rockwell Collins (COL)
Safeway (SWY)
Sanderson Farms (SAFM)
Sara Lee (SLE)
SCANA Corp. (SCG)
Schnitzer Steel (SCHN)
Scripps [E.W.] (SSP)
Sealed Air (SEE)
SEMCO Energy (SEN)
Sempra Energy (SRE)
Simon Property (SPG)
Sky Financial (SKYF)
Smucker [J.M.] (SJM)
Snap-on (SNA)
Sonoco Products (SON)
South Jersey Industries (SJI)
Southern Company (SO)
Southern Union (SUG)
Southwest Airlines (LUV)
Southwest Water (SWWC)
Southwestern Energy (SWN)
Sovereign Bancorp (SOV)
Sovran Self Storage (SSS)
Spartan Motors (SPAR)
Stanley Works (SWK)
Staples (SPLS)
Sterling Bancorp (STL)
Stewart Information (STC)
Sunoco (SUN)
Supervalu (SVU)
Synovus Financial (SNV)
Target (TGT)
Taubman Centers (TCO)
TCF Financial (TCB)
Tektronix (TEK)
Teleflex (TFX)
Texas Instruments (TXN)
Thornburg Mrtg. Asset (TMA)
Tiffany (TIF)
Timken (TKR)
Tompkins Trustco (TMP)
Total System Services (TSS)
Transocean (RIG)
Tribune Company (TRB)
TrustCo Bank of NY (TRST)
Trustreet Properties (TSY)
Twin Disc (TWIN)
TXU (TXU)
Tyco International (TYC)
Tyson Foods (TSN)
U.S. Bancorp (USB)
UIL Holdings (UIL)
Umpqua Holdings (UMPQ)
UniSource Energy (UNS)
United Industrial (UIC)
United Parcel (UPS)
United Technologies (UTX)
Unitrin (UTR)
USEC (USU)
USG (USG)
Valspar (VAL)
Ventas (VTR)
Verizon (VZ)
Visteon (VC)
Vulcan Materials (VMC)
Walgreen (WAG)
Wal-Mart Stores, Inc. (WMT)
Washington Mutual (WM)
Washington REIT (WRE)
Waste Management (WMI)
Weingarten Realty Investors (WRI)
Wells Fargo (WFC)
Wendy's International (WEN)
Westamerica Bancorp (WABC)
Westar Energy (WR)
Weyerhaeuser (WY)
Whirlpool (WHR)
Williams Cos. (WMB)
Windstream (WIN)
Wisconsin Energy (WEC)
World Wrestling (WWE)
Wrigley [Wm.] (WWY)
Wyeth (WYE)
XL Capital (XL)
XM Satellite (XMSR)
XTO Energy (XTO)
Yahoo (YHOO)
Yum Brands (YUM)

 

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