Direct purchase plan

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Direct Purchase Plan

A plan that enables interested first-time individual investors to purchase a company's stock directly from the company or without the direct intervention of a broker. The administrator also ensures the safekeeping of the shares by registering them directly on the books of the company. Eliminates the need for shareholders to hold on to physical certificates.

Direct purchase plan (DPP).

Some publicly held companies offer a direct purchase plan that lets you purchase their stock directly without using a broker.

You may pay a small commission or transaction fee -- smaller than if you purchased the shares through a retail broker -- although some DPPs charge no fee at all.

Direct purchase plans are similar to dividend reinvestment plans, or DRIPs, with the added benefit that you can make the initial purchase of the company's stock through the plan rather than having to purchase stock first, through a broker, in order to be eligible for a DRIP.

It's easy to open a DPP account, and because it lets you purchase fractional shares of the company's stock, you can decide whether to invest a lump sum or make small, regular purchases on a set schedule to build your investment. Your shares are registered on the company's books, and you can sell your shares through the plan as well.

References in periodicals archive ?
On this, Haji said: 'While the proposed amendment to section 35A (1) of EACA, requiring the DPP to make quarterly reports is welcome, such reports should only be submitted to Parliament on whom the law has reposed supervisory authority in the exercise of the work of the DPP.'
DPP director, Mr Stephen Tiroyakgosi acknowledged government for facilitating the establishment of DPP offices in Selebi Phikwe.
In the east coast county of Hualien, the KMT dubbed DPP candidate Hsiao Bi-khim the ''parachute cat,'' a derogatory reference to her pet, whom she said would move with her to Hualien from Taipei.
In terms of adoption of DPP, for the past three years Touche Ross, in conjunction with the IGD, have conducted annual surveys to measure its degree of uptake, the application and the types of difficulty encountered by organisations in its adoption.
The issue came to a head Wednesday after a petition by NPP city and county councilors calling on the party to pledge its support for the re-election bid of President Tsai Ing-wen of the DPP surfaced in the media.
The High Court had ordered the DPP to release vehicles impounded in a dam's scandal to Barclays Bank.
The SAB chief said that situation had become so inflammable in the DPP that its officials had been blatantly ignoring the reports of laboratory examination of the import samples, which clearly suggests that the consignment of the edible commodity is highly unfit both for industrial and human consumption.
SAB President Abdul Majeed Nizamani alleged that all the evidence of the recent past had undeniably suggested that the DPP had been involved in acts, which it was meant to prevent by virtue of its charter.
A news release from DPP says 'we note with deep concern that the Sunday Standard/The Telegraph Newspaper yesterday on Wednesday January 16 posted an exaggerated and misleading article under the headline 'DPP PLUMBING ACCIDENT ROILS THE ISAAC KGOSI INVESTIGATION'.
If you do not recall from my last report, DAC was formed to help create and promote CDC certified Diabetes Prevention Programs (DPP) across our state to help stop or at least slow our South Carolina diabetes epidemic.
Tannaz Moin, M.D., from the VA Greater Los Angeles Health Care System, and colleagues examined online DPP weight loss and participation outcomes.
LAHORE -- Rice Exporters Association of Pakistan (REAP) has appreciated the services of Department of Plant Protection (DPP) for the promotion of rice exports across the world.