Direct Stock-Purchase Program

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Direct Stock-Purchase Program

A plan in which a publicly-traded company allows an investor to buy stock directly from the company rather than through a broker-dealer. Some companies offer direct stock purchase plans to raise financing at less expense to the investor (mainly through not charging commissions or fees). Some advisers recommend that first-time investors use direct stock purchase plans because of the reduced cost. It should not be confused with an employee stock option plan because direct stock purchase plans are open to anyone.
References in periodicals archive ?
Nextel has $2 billion available on its $5 billion shelf registration including $1 billion designated for the direct stock purchase program.
7 million from these transactions and together with funds from its direct stock purchase program and its credit facilities will be used to fund the acquisitions.
We also recently introduced a dividend reinvestment and direct stock purchase program for shareholders.
NasdaqSC: ASTM) today announced that registered shareholders of the Company can purchase up to an aggregate of 10 million newly issued shares of its stock through Aastrom's Direct Stock Purchase Program (DSPP), unless otherwise noted in the DSPP Prospectus based on state residency.
stock is now offered through a direct stock purchase program called Computershare BYDS(SM) that is sponsored and administered by Computershare Trust Company, Inc.
In connection with the dividend, the Board of Directors approved a Direct Stock Purchase Program and a Dividend Reinvestment Program, offering both new investors and current stockholders the option of receiving QUALCOMM's quarterly dividend in cash or having it automatically reinvested.
NYSE:UNS) Friday announced the commencement of its new Investment Plus Plan, a direct stock purchase program, to provide current shareholders and potential investors a method to purchase UniSource Energy common stock without payment of brokerage commissions or service charges.
In connection with the dividend, the company is introducing a Direct Stock Purchase Program and a Dividend Reinvestment Program, offering both new investors and current stockholders the option of receiving Microsoft's annual dividend in cash or having it automatically reinvested.
With Quanex's direct stock purchase program (DSP), investors can buy their initial shares of Quanex common stock directly through the plan, which provides a convenient and less costly way for participants to purchase and accumulate shares of Quanex stock.
Nasdaq: RELV), an international manufacturer and network marketer of nutritional supplements, functional foods and other products, today announced the launch of a new direct stock purchase program for its top-performing independent distributors.
In addition, the new plan includes a direct stock purchase program allowing interested investors to make initial share purchases directly from the company and a monthly waiver feature that allows optional cash payments above the $10,000 quarterly limit with prior approval from the company.
Implementation of a direct stock purchase program to make initial share