Drip Net Yield-free Drips
Would a dividend reinvestment plan without the dividend be a RIP instead of a DRIP? Well, don't laugh, but there are a few companies offering direct purchase plans that don't even pay out a quarterly dividend.
Rather than rely on the reinvestment of dividends the only way to grow those positions is to make additional cash investments. Because you are dealing directly with the company or its transfer agent the fees are few -- if any.
Here are a few non-dividend paying stocks that you can buy into directly -- even the first share.
Boston Beer (NYSE: SAM) $500 888-266-6780
XM Satellite Radio (Nasdaq: XMSR) $1,000 781-575-3400
Yahoo! (Nasdaq: YHOO) $250 877-946-6487
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