Are Direct Stock Purchase Plans good?
For some, investing in DSPPs still is a good option.
For the small investor who is ready to buy individual shares of a particular company to add to his portfolio to hold for the long term, a direct stock purchase plan may be a thrifty way to do so.
What companies allow direct stock purchasing?
A Direct Stock Purchase Plan (DSPP) is an investment service that allows investors to purchase stock directly from a company or, more commonly, through the company’s transfer agent. Major companies offering DSPPs include Exxon Mobil (XOM), American Express (AXP), and PepsiCo. (PEP), among many others.
Does Amazon have a direct stock purchase plan?
Yes, Amazon has offered a Direct Stock Purchase Plan (DSPP) since August 2019.
Can you buy Microsoft stock direct?
For most investors, the easiest way to buy Microsoft stock is through a brokerage account. You can also purchase shares directly through Microsoft’s Direct Stock Purchase and Dividend Reinvestment Program. Visit Microsoft’s investor relations page for more info on direct share purchases.