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Why are the dividend shares being distributed in Direct Registration book-entry form?

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Why are the dividend shares being distributed in Direct Registration book-entry form?

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Direct Registration increases shareowner value by offering a convenient, safe, efficient and cost-effective means of share ownership for registered shareholders as further described below: It allows for electronic share movement between your broker and the transfer agent It eliminates the risk and cost associated with storing a certificate in a secure place and eliminates your time and efforts in retrieving those certificates It eliminates the risk and cost associated with replacing a lost certificate It reduces overall administrative costs to the corporation and shareowners It supports the U.S.

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