Many of us want to invest in big companies but because of lack money we didn’t able to buy in a big companies share as most of them are high priced.Well,it might be true to some extent,but if you are looking for buying in Coca Cola company then you can do that with just $10investment.
Coca-Cola is one of the biggest company in world which sell cold drinks ,distribute and market the beverages. You can buy shares of Coca-Cola Enterprises with just $10 ,yes, with its Dividend Reinvestment Plan.
How To Buy$10 share in Coca Cola Enterprises:
Coca-Cola Enterprises offers a Dividend Reinvestment Plan to all shareholders of record. If you have shares of Coca-Cola Enterprises with a broker you can get them transferred to American Stock Transfer Company, for a small fee which is around $25-30.
However ,If you dont have a shares then just open an account at Sharebuilders.com, or with any online broker and just purchase at least one share.
After you have transferred all your Coca -cola shares, you can purchase CCE shares for $10 per transaction computing your account to fractional shares up to three decimal places.
For instance if the share price is $17 and you invest $10 the shares purchased will be .589. Each investment is made daily. Dividends are paid quarterly and also invested up to three decimal places.
By doing this reinvestment of dividends and optional cash investments your position in Coca-Cola Enterprises will grow fast and make you richer.
What Is Reinvestment Dividends Plan:
According to Wikipedia,”A dividend reinvestment program or dividend reinvestment plan (DRIP) is an equity investment option offered directly from the underlying company. The investor does not receive quarterly dividends directly as cash; instead, the investor’s dividends are directly reinvested in the underlying equity. The investor must still pay tax annually on his or her dividend income, whether it is received or reinvested.
This allows the investment return from dividends to be immediately invested for the purpose of price appreciation and compounding, without incurring brokerage fees or waiting to accumulate enough cash for a full share of stock. Some DRIPs are free of charge for participants while others do charge fees and/or proportional commissions.”