Basics of DSPs
Investors used to have to buy a share of stock before being able to buy stock directly from a company. Luckily all that changed in the 1990s when the Securities and Exchange Commission (SEC) allowed companies to sell their stock more easily to the public. Prior to that ruling, most direct purchase plans were offered by public utility companies.
Today more than 600 companies offer DSP plans, but you won’t find all the detail about a DSP on company websites. To find that detail you’ll usually need to go to the administrator’s website.
What you can find on a company’s website is the name of the transfer agent who handles the DSP plan for the company. You’ll find that information on the investor relations site, or you can call the ...