The DRiP Investing Resource Center
Your Location For Dividend Reinvesting Information

Getting the First Share

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The below companies will purchase the initial share for you without requiring that you open an account with them. For those without a relationship with a discount broker, this may be the best way to get started with DRiPs.

  • DirectInvesting.com, in most cases, will be the best way to get your first share. If you do not have a discount broker and have no plans for this, their reasonable fee will make the purchase, and (in most cases) automatically get you set up in the DRiP.
  • Canadian DRIP Primer maps out how to go about getting that first share.
  • The Share Exchange Board can get you in touch with others who may be willing to part with a share to get you started.

There are discount brokers who will purchase fractional shares, reinvest dividends, and do so at a reasonable cost. As the ownership of the stock is not transferred, this is not a true DRiP, but what is called a Pseudo-DRiP.

  • Sharebuilder will keep the stock in street name, so you will not be able to start a DRiP without paying for the transfer of the certificate. However, their small fee for regular purchase makes them suitable for a Pseudo DRiP.
  • BuyandHold offers an inexpensive means of purchasing fractional shares and offers reinvestment of dividends.

  • Frame-a-Stock purchases a single share from a company, has it issued in the individual's name, and frames the certificate.
  • GiveAShare issues unfolded single share certificates as unique gifts and specializes in Disney and Harley Davidson with fast delivery options.

This website is maintained by George L Smyth