Direct Stock Purchases and No-Load Stocks
While there are more than a thousand stocks offering dividend reinvestment plans only a handful will let you buy that first share directly from the company -- or its transfer agent. That's worth noting because otherwise you would either have to go through a broker to buy your initial investment or find someone to transfer a share to your name.
So here are some of the companies that will let you buy in from the start. Do your due diligence to make sure that you believe that they are suitable investments and then call the ones you are interest in for an application to join their direct stock purchase plans (or DSPs).
ExxonMobil (NYSE: XOM) 800-252-1800
AFLAC (NYSE: AFL) 800-235-2667
Johnson Controls (NYSE: JCI) 877-602-7397
Bob Evans Farms (Nasdaq: BOBE) 800-272-7675
Oneok (NYSE: OKE) 866-235-0232
Pfizer (NYSE: PFE) 800-733-9393
Popular (Nasdaq: BPOP) 877-764-1893
Southern Co. (NYSE: SO) 800-554-7626
South Jersey Industries (NYSE: SJI) 888-754-3100
CMS Energy (NYSE: CMS) 517-788-1868
WPS Resources (NYSE: WPS) 800-236-1551
Tompkins Trustco (NYSE: TMP) 800-524-4458