What is the best way to sell stocks from a dividend reinvestment plan?
A This is a timely question since I recently sold one of my dividend reinvestment plans. Most DRIPs allow investors to sell stock directly from the plans. Companies may require DRIP participants to notify the plan in writing with their sell instructions. However, a number of companies, such as Browning-Ferris, allow DRIP participants to sell their shares via the telephone.
A This is a timely question since I recently sold one of my dividend reinvestment plans. Most DRIPs allow investors to sell stock directly from the plans. Companies may require DRIP participants to notify the plan in writing with their sell instructions. However, a number of companies, such as Browning-Ferris, allow DRIP participants to sell their shares via the telephone. Here are the steps I followed: Before I sold my DRIP shares, I first had to clear up a potential problem. When I purchased the initial shares I needed to join the DRIP, the broker sent me the stock certificate representing those initial shares. Once I joined the DRIP, I was reinvesting the dividends on all my shares, both the shares I held in the plan as well as shares I held in certificate form. If I called to sell my DRIP shares, however, the firm would have sold the shares held in the plan but wouldn t have sold the shares I held in certificate form. Thus, I would have been stuck trying to sell the five shares I h
