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The Pocket Idiot's Guide™ To Direct Stock Investing by Lita Epstein, Douglas Gerlach

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Selling Shares

The process for selling shares is similar to that for transferring shares. You will need to notify your DRIP administrator that you want to sell shares and ask for whatever forms are necessary to complete the sale of shares.
If the administrator holds your shares using direct registration, the process will be easy. If you hold the certificates, you will need to provide those certificates to the administrator in order for him or her to complete the sale.
Fees are usually higher for selling shares than they are for transferring shares. For example, Consolidated Edison charges a transaction fee of $10 plus 10¢ per share. That may be slightly higher than the cost of a transaction using a discount broker, which could be as low as ...

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