You can check by calling the firm s shareholder services department. In order to enroll in company-sponsored DRIPs, you must have the stock registered in your own name. In order to be eligible to join DRIPs, you must tell your broker to re-register the shares in your name. Unfortunately, your broker will probably charge you a fee to re-register the shares. Once the stock is registered in your name, you ll receive the stock certificates in your mailbox.
Most DRIPs offer safekeeping services.
When you join the DRIP, you ll probably be able to send the stock certificates to the company if you don t want to hold them. Q I am considering DRIPs as an investment, but I m worried about always having to add money. I receive this question a lot, especially from newcomers to DRIPs. One of the beauties of DRIPs is that the plans are incredibly flexible. Most plans allow investors to purchase additional shares monthly or weekly.