Verizon Communications, Inc. (VZ) offers a Dividend Reinvestment Plan to all shareholders of record. Verizon Communications, Inc is one of the largest telecommunications companies in America and a member of the Dow Industrial 30 and S&P 500. If you own shares of Verizon Communications in your own name log on to Computershare Trust Company, the transfer agent, computershare.com and create an account.
If you own shares of Verizon Communications with a broker you can get them transferred to Computershare Trust Company, the transfer agent for Verizon Communications , for a small fee usually $25-$30 or sometimes free. If you do not own shares, open an account at Sharebuilder.com, Schwab.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 by making $50 monthly investments for 10 months.
Once enrolled in the plan at the website, you can purchase stock at $50 per transaction optional investments are made weekly, 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. 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 or invest the dividends
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With the reinvestment of dividends and optional cash investments your position in Verizon Communications will grow and multiply in this great company.
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