From: doug_d@sdd.hp.com (Doug DePrenger)
Newsgroups: misc.invest
Subject: DRIPs List
Date: 11 Jan 1993 18:15:45 GMT
Organization: Hewlett-Packard, San Diego Division
Distribution: usa
NNTP-Posting-Host: hpsdl126.sdd.hp.com

Here is the latest I have on DRPs. Please e-mail me any updates/additions.

re: DRIPs List
Last Post:  1/9/93
by: Doug DePrenger, et al.
at: doug_d@sdd.hp.com

What is a DRIP?
  DRIP stands for Dividend Reinvestment Plan. DRIP is a company-sponsored way
of purchasing shares of stock through the company with no brokerage fees. The
dividends from the stock can be reinvested to purchase additional stock. New
stock can also be purchased.
  Some companies require initial purchase of stock through a broker while
others allow first time purchase. Some companies give you a discount on the
price of the stock when purchased through the DRIP program.
  Many of these companies have banks administer their programs. For example,
Exxon has First Chicago Trust run their account.

How to buy:
  Contact the DRIP administrator (the phone number listed below). They have
the most up-to-date information on purchase provisions.
  A.G. Edwards broker has a flat 16% of the share price special for ordering
one share of stock.
  Dean Witter's commission is 10% of purchase price or $50, whichever is
*lower*.
  The NAIC (National Association of Investors Corp) has a DRP program for
several companies (106 as of 11/1/92). You must be a member of NAIC, but they
will set you up for $5 per company. The address is
  NAIC
  Box 220
  Royal Oak, Michigan  48067
  (313)-543-0612 (phone)
  (313)-543-8442 (fax)
Dues are $32/year.


How to sell:
  The DRIP administrator will redeem your shares.
  Some companies only redeem shares once a month, thus you may not get the
best price for your shares.

Advantages:
  * No brokerage commissions (except possibly on the initial purchase).
  * Some companies offer stock at a discount.

Disadvantages:
  * Record keeping of the dividend reinvestments (for tax purposes)  can
    be monumental.
  * Stocks are generally bought/sold on a fixed day, every month...i.e. little
    control over price. Some companies it is done per quarter.
  * Some companies must be notified in writing in order to sell.
  * Some companies send you the stock certificates so YOU sell them.

Books:
  "Directory of Companies Offering Dividend Reinvestment Plans"
  by: Evergreen Enterprises, Laurel MD. 20725-0763
  $24.95

Newsletters:
  "The Moneypaper"
  1010 Mamaroneck Ave
  Mamaroneck, NY 10543


The List:
  * Stock symbols are in parenthesis
  * minimum shares: this is the minimum number of shares the purchaser must
    already own (usually bought through a broker) before joining DRP program.
  * 

					 (nnnn) = minimum shares
					      Y = 1st share purchases direct
								%discount
				MIN/MAX
COMPANY NAME			INVESTMENT	PHONE

Abbott Labs (ABT)		10/5000	    (1)	708-937-3923
  Abbott Shareholder Services
  One Abbott Park Road
  Abbott Park, ILLINOIS  60064-3500
AFLAC (AFL)
Allied Group Inc (ALGR)		5000/mo		800-532-1463
American Express						3
American General (AGC)
American Recreation			      Y 916-852-8005
  CA, TX only
American Water							5
Ameritech
AMP Inc				5000/mo		717-780-4869
Arrow Financial				      Y 518-745-1000
Ashland Oil (ASH)
Atmos Energy (ATO)
AT&T					   (10)
Avery Dennison (AVY)
BB&T Financial (BBTF)
Ball Corp (BLL)							5
Banc One Corp			5000/qtr	317-321-8474
Bancorp Hawaii			5000/qtr	808-537-8239
Bank of NY				      Y
Barnett Bank (BBI)
Baxter International
Bay State Gas							3
Berkshire Gas (BGAS)
Bob Evans (BOBE)
Boeing
Borden				10000/mo
Bristol-Myers Squibb		2500/mo	   (50)	212-546-3309
  $15 fee to send shares to you in your name so you can liquidate stocks OR
  $15 + commissions to sell shares thru Chemical Bank (DRP administrator)
  up to $5 fee to reinvest quarterly dividends
  $3 fee 
Brooklyn Union Gas
Brown-Forman (BFD.B)		3000/qtr	212-791-6422
Central Maine Pwr (CTP)
Central & SW Corp (CSR)
Central Vt. Pub Svc. (CV)		      Y	802-747-5406
  Not all states
Centry Tele. Ent (CTL)
Chase Manhattan (CMB)
Chubb Corp			3000/mo		212-791-6422
Cincinnati Bell (CSN)		/5000/mo
Cincinnati G&E (CIN)
Citicorp (CCI)
Citizens 1st Banc (CFB)			      Y	201-670-2456
						201-445-3400
CML Group, Inc (CML)
CMS Engineering (CMS)
Coca Cola (KO)
Colgate-Palmolive (CL)
Colonial Gas (CGES)
ConAgra
Connecticut Energy (CNE)
Consol Nat Gas (CNG)
CPC International		12000/yr	212-791-6422
Comerica Inc			3000/qtr	212-791-6422
CSX
Dana Corp (DCN)
Dean Foods			3000/qtr	312-461-2121
Diebold, Inc. (DBD)
D&N Financial (DNFC)
Dominion Resources
Dow Chemical (DOW)
DQE Inc (DQE)
Dresser Industries		1000/mo		214-740-6888
Duke Power
   VA customers only
Eastern Utilities						3
EMC Insurance Grp (EMCI)
Equitable Res (EQT)
Exxon (XON)			8000/mo	      Y	800-252-1800
						800-446-2617
  $250 minimum initial purchase
  $50  minimum additional purchase
Federal-Mogul (FMO)
Federal Paper Board		3000/qtr	800-937-5449
Federal Realty Trust (FRT)
Figgie Intl A (FIGIA)
Figgie Intl B (FIGI)
First Colonial Banc
First Michigan Bank		500/qtr		800-441-3622
First Virginia Banks
First Western Bancorp (FWBI)
First Union REIT
Firstar Corp			10000/mo	800-637-7549
Florida Progress Corp		100,000/yr    Y	800-352-1121
  $100 minimum initial investment
  $10 min additionall purchase. stock bot is average of hi/lo on 20th of mo.
Ford Motor Co. (F)				212-613-7147
Fuller Co. (FULL)
GATX Corp			3000/mo		312-621-6200
General Cinema
General Electric (GE)		10000/mo
General Mills			3000/qtr	612-540-3888
General Signal (GSX)
General Telephone (GTE)
Gerber Products (GEB)
Giant Food Inc.			1000/qtr	800-937-5449
Gorman-Rupp Co.			1000/mo		216-575-2532
Great Lakes Bancorp (GLBC)
Green Mountain Pwr (GMP)					3
Guardsman Prod Inc (GPI)
Hanna, M.A. (MAH)
Hannaford Bros (HRD)
Harsco Corp (HSC)
H&R Block			2500/qtr	816-753-6900
Health & Rehab Trust		10000/qtr	800-426-5523
Hershey Foods			20000/yr	717-534-7527
HJ Heinz Co.			1000/mo		800-253-3399
Hubell Inc. B			1000/qtr	800-647-4273
Humana Inc.			none		502-580-3761
Huntington Bancshares (HBAN)
IBM (IBM)
Idaho Power (IDA)
Interchange Financial			      Y 201-703-4508
ITT Corp.			60000/yr	201-601-4202
Johnson Controls (JCI)			      Y	414-228-2363
					      Y	414-287-3956
Jostens				1000/mo		612-830-3366
Kaman Corp (KAMNA)
Kellogg Co (K)
Kerr McGee (KMG)
Keystone Financial		5000/qtr	212-936-5100
Kimberly Clark Corp		3000/qtr	800-442-2001
KN Energy (KNE)
Knape & Vogt Mfg (KNAP)
Kroger (KR)				      Y	513-762-1220
						513-762-4808
Kuhlman Corp (KUH)		3000/qtr	800-257-1770
La-Z-Boy Chair (LZH)
LA Land & Explor. (LLX)
Liberty National Bank
Eli Lilly & Co.			25000/yr	800-833-8699
Liz Claiborne
Lukens Co.			6000/qtr	215-383-2504
Manufacturers Hanover			      Y	212-613-7147
Marion Merrel Dow		3000/qtr	212-791-6422
Mark Twain Bancshares		2000/mo		314-889-0707
Marriott
Maytag (MYG)
McDonalds (MCD)			75000/yr	800-621-7825
  $50 minimum. Sell thru broker. Max 2 buys/mo
MCN Corp (MCN)
Merck
Michigan Nat Corp (MNCO)
Minnesota Pwr & Light			      Y
Mobil (MOB)				        800-648-9291
Modine Mfg (MODI)
JP Morgan							3
Motorola (MOT)
National City Corp. (NCC)
Nations Bank
New Jersey Resources (NJR)
Norwest Corp (NOB)
Ohio Casualty Corp		5000/mo		513-867-3903
Old National Bancorp (OLDB)
Pacific Ent. (PET)
Pacific Telesis
Paramount Comm. (PCI)
Penna Pwr & Light (PPL)
Peoples Bancorp	Worcester	2500/qtr	800-937-5449
Peoples Energy (PVY)
Pepsi Co. (PEP)					800-433-2652
Phillip Morris Cos (MO)		60000/yr	800-446-2617
Pitney Bowes			3000/qtr	203-351-6088
Potomac Electric
Proctor & Gamble (PG)			      Y	800-742-6253
Public Svc Corp of CO (PS)
Quaker Oats (OAT)
Quanex Corp (NX)
Questar (STR)					801-534-5885
Rochester Gas & Elec. (RTC)	/5000/mo
Rochester Tele. (RTC)				800-836-0342
RPM Inc	(RPOW)			2000/mo		216-737-5745
Ryder System (R)
San Diego Gas & Electric		      Y	619-696-2020
Sara Lee
Savannah Foods			3000/qtr	800-848-8198
Schering-Plough Corp		36000/yr	201-822-7436
Sonoco Products Co.		500/mo		803-383-7000
St. Paul Cos. (SPK)		60000/yr	612-221-7788
Stanhome Inc			5000/qtr	800-288-9541
Southeast MI Gas (SMGS)
SW Electric							5
Southwestern Bell (SBC)
Super Valu Stores		3000/qtr	612-828-4000
Synovus Financial (SNV)		6000/qtr	404-649-2380
Texaco (TX)				      Y	800-283-9785
						914-253-6072
The Limited
Tribune (TRB)
UJB Financial
United Cities Gas (UCIT)
Universal Foods			1500/mo		414-347-3827
Upjohn Co. (UJP)		6000/qtr	800-323-1849
UST Inc				10000/mo	800-442-2001
US West (USW)
Volvo (VOLVY)
Walgreen
Washington Gas (WGL)
Waste Management
Wendy's (WEN)
Wilmington Trust Corp.		5000/qtr	302-651-1277
Wisconsin Energy
Wrigley				5000/mo		800-824-9681
W. R. Grace (GRA)			      Y	800-824-4022
						800-647-4273


		Discontinued DRP Programs
Disney

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