Opinions and observations expressed on this blog reflect the authors' individual experiences and should not be construed to be financial advice. None of the members of this blog are licensed financial advisors. Please consult your own licensed financial advisor if you wish to act on any recommendations here.

Sunday, September 19, 2010

DRIPs: Where to go for them

I've been a pretty big fan of Dividend Reinvestment Plans (DRIPs) over the years and something close to half of my invested assets are in them. For those who want to invest small amounts without having to deal with a broker, I really think these are a very good option because you can put in money in dollar rather than share denominations.

In terms of where to go for them, here are a few different websites of providers:

Shareowner Online (Wells Fargo): 


Investor Service Direct (BNY Mellon):


ADR.com (JP Morgan):




There are a few others out there, but these are the ones I would start with. There are some companies that seem to do it directly such as Procter and Gamble (PG): http://www.pg.com/en_US/investors/investing_in_pg/sip.shtml

I think these are fantastic programs, but keep an eye on the fee schedules when choosing how to do your automatic investments. If the plans charge a dollar per transaction and you put $25 in a month, that doesn't make much sense. You are paying 4% transaction costs then.


  1. This is something I was wanting to do for a year now and just never got around to doing the research. As always, thanks for your legwork, BQ.

  2. I find that those are the simple things that often get in the way of people actually pulling the trigger. Something as basic as, "I don't know where to go." can be a pretty huge impediment.