Things You'll Need:
- Computer
- Internet
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Step 1
The Exxon Mobil Corporation (XOM) offers a Dividend Reinvestment Plan to all shareholders of record. If you own shares of Exxon Mobil in your own name log on to computershare.com and create an account.
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Step 2
If you own shares of Exxon Mobil with a broker you can get them transferred to Computershare Trust Company, the transfer agent for Exxon Mobil, for a small fee usually $25-$30. If you do not own shares, open an account at Sharebuilder.com, Scottrade.com or TDameritrade.com and purchase one share, plus commission usually $4-$20. You can also open an account by invest either $500.00 or making $50 monthly investments for 10 months.
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Step 3
Once enrolled in the plan, you can purchase stock at $50 per transaction computing your account to fractional shares up to six decimal places. For example if the share price is $68.36 and you invest $50 the shares purchased will be .731422. Each investment is made weekly. Dividend payments are invested separately every quarter, also up to six decimal places. Once enrolled in the plan there are no fees to purchase more shares.
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Step 4
With the reinvestment of dividends and optional cash investments your position in The Exxon Corporation will grow and multiply.
Comments
rakhib said
on 12/4/2009 good post.5* and a recc
johnmcdonnell said
on 10/14/2009 This is a good way for a small investor to get started.
delawaregeek said
on 6/29/2009 Great way for the average investor to branch into the market!
coachcaliconnor said
on 6/12/2009 Wish I would have know this when I was getting into the stock market and "playing" as it were the stocks. Thanks for the information.
lovesherboys said
on 5/1/2009 This sounds like a great opportunity. I don't think Exxon will go out of business anytime soon, lol. 5* and Rec'd