Buying Your First Share
In order to open a DRIP, you have to buy at least one share of stock—and for some companies, more than one share. Here are some good sources for purchasing those first shares of stock.
Bank of New York Mellon
The Bank of New York Mellon’s Investor Services Direct (https://vault.bnymellon.com/isd/
) makes it easy for investors to buy their first share of stock plus additional shares of stock with the companies whose direct stock programs it administers. When you get to the website, click on Investment Plan Enrollment to search the available plans and download plan enrollment details for all the companies the bank handles. If you ask for an alphabetical list, you’ll find a list of about 550 companies from which to choose. ...