Depending on when they are received, buy and sell orders are executed at that day's closing price or the next trading day's close. Payment is deducted from the buyer's bank account, but proceeds from stock sales are mailed.
Shareholders can also review their accounts on line.
This is really the next logical step'' in the evolution of dividend reinvestment plans, or Drips, said Charles B. Carlson, editor of Drip Investor, a newsletter covering the plans. We think a good stockholder will make a good customer,'' said Larry Menter, the company's corporate counsel and assistant secretary. Privacy Information Stay connected to the news that interests you with free e-mail alerts from The New York Times.