DRIPs And Direct Purchase Plans
DRIP – Dividend Reinvestment Plan
Some companies offer a direct stock purchase plan (DSPP) where you can buy directly from them.
Company DRIPs and DSPPs may have fees involved that are higher than a broker, do your research before purchasing direct instead of through a broker.
Some companies allow you to reinvest your dividends at a discount to the current market price.
Example: Healthcare Realty Trust (NYSE: HR) allows you to reinvest dividends at a 5% discount (at the time of book publication).
Look at all costs involved before making a decision.