Instead of the company sending you cash dividends, they automatically use that money to buy more shares (or fractional shares) of their stock.
You still need to acquire that first share (often via a DSPP or a one-time broker use). 3. Transfer Agents where can i buy stocks without a broker
While you avoid a "brokerage account," these transfer agents often charge: ($10–$50). Transaction fees per purchase. Sales fees when you eventually want to cash out. Instead of the company sending you cash dividends,
Coca-Cola, Walmart, and Procter & Gamble offer these. where can i buy stocks without a broker
Find the for a specific company's transfer agent. Which company are you interested in buying?
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