What is the best stock you can buy directly through the company and not a broker?

Question

A company big enough, they have direct investment.

I like high paying dividends.

Dominion Power is good, but are there others I should look at.

Answer 1

If you invest in just a few, less than about 8 or 10 companies, you are subject to much specific risk. I don't know why you are apposed to paying a broker a few dollars for his services, but it would be my advice to perhaps consider index funds offered by mutual fund companies. You can buy these without paying a brokerage fee. You will however have to pay an expenses fee annually.

Vanguard offers High Dividend yield index fund. minimum $3000 investment with expense ratio of 0.4%. Dividend yield is not yet specified because it is rather new. The yield of its benchmark is 2.9%.

But that is not the question you wish answered.

Duke Energy falls into that category and pays a decent dividend.

Here is a link to their site discussing the subject.

http://www.duke-energy.com/investors/shareholders/purchase/

Cigna alludes to the fact that they also have a direct stock purchase plan.

Here is the link

http://www.cigna.com/general/about/investor/contact.html

Here is a link to all companies that might have such a plan

http://www.dripwizard.com/home_dripsearch.asp

Answer 2

www.computershare.com

DRIP plans are pretty neat.

Some require that you be an existing shareholder before you can purchase stock directly from the company. There are a few out there that don't have this requirement. Make sure you watch out for fees...they can add up pretty quickly and you might save money by using an online broker.

Also, the www.sharebuilder.com program is pretty neat too.

I like the Procter & Gamble one (symbol PG).

Answer 3

purely seek for on organizations with DRIP funding courses. they're a large time actual undesirable thanks to bypass. even with low-cost peanuts you're averting on commissions can surely be lost fifty circumstances over by no longer being liquid to purchase on actual time lows and promote on actual time highs or shy away difficulty. except for REITS and money indexed as stocks, no one does this. And if the low-cost peanuts commissions are a large deal to you, then stay out of stocks. the following is a REIT. investors actual sources believe IRET. Their dividend has ranged from 5.8% to eight% each and each and every 12 months for years. And with direct funding and dividends reinvested you get a cost lower price. yet even if it truly is not a lengthy-time period REIT or fund, ignore it.

Answer 4

NAIC-National Association of Investors Corporation publshes the magazine "Better Investing" and has lists of companies that allow you to purchase stocks from their banks.

I have bought Atmos Energy, McDonalds, and lots of other stocks that way.

Answer 5

There are many but whether they are best for YOU would be your own opinion.

I got into lockheed marten & walmart when they were low many years ago... Now they grow all on their own !!