The Hershey Company and Kellogg Company both offer direct stock purchase plans, notes the official website of each organization. Each plan offers different features and reinvestment options.Continue Reading
The Hershey Company website contains an investor section that lists features and contact information associated with the direct stock purchase plan, notes the company. Some of the features include the ability to purchase shares directly from an agent, dividend reinvestment, automatic monthly deductions, safekeeping of certificates and direct deposit of all dividends.
The Kellogg direct stock purchase plan has an initial investment, optional cash investments, automatic dividend reinvestment and automated transactions, reports the company. An investor does not have to be a current shareholder to participate in the program. Investors also have the option of safekeeping investments through a plan administrator. For new investors, a one-time enrollment fee applies. The prospectus contains additional information on how to become a part of the program.
Companies may allow investors to buy stock directly through Direct Stock Plans, according to the U.S. Securities and Exchange Commission. Companies may restrict participation in these plans to company employees or current investors, and they may place restrictions on purchases and sales. Some companies also offer Dividend Reinvestment Plans that automatically reinvest any dividends the stock generates.Learn more about Investing